News

Minimum wage rates are going up

Get ready for the minimum wage increases now so that you are paying your employees the correct rate next month.

Wage rates are going up
From 1 April 2025:

The adult minimum wage will go up from $23.15 to $23.50 per hour
the starting-out and training minimum wage will go up from $18.52 to $18.80 per hour
all rates are before tax and any lawful deductions, for example, PAYE tax, student loan repayment, child support.

What to do now

Take this opportunity to review your business processes, employment records and systems.

Check that your payroll system is ready and updated for the 1 April changes, whether you have a manual or computer-based system.
Re-calculate and update your budgets and cashflow as the increase may have an impact, including on items such as ACC levies, KiwiSaver contributions and holiday pay.
Review the pay rates for skilled employees from 1 April.
Consider reviewing your pricing strategy.