Features

Budget 2008: Older Kiwis

Budget 2008 continues this government’s record investment to support older New Zealanders from Superannuation levels, rates rebates, increased carer support and community services, to free off peak travel.

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Budget 2008 builds on work to support older New Zealanders since 1999.

We have lifted Superannuation levels; the NZ Super Fund has been set up; asset testing on older people in care is being phased out; changes to subsidies have greatly reduced doctors’ fees; we have increased eligibility for, and the value of, household rates rebates; and we have passed comprehensive legislation protecting the interests of older people in retirement villages.

This year’s Budget increases in New Zealand Superannuation as the result of personal tax cuts, funds off-peak travel for older New Zealanders and increases subsidies on hearing aids through as part of New Zealand First’s confidence and supply agreement, and recognises the role of approximately 7,500 older Kiwis as fulltime carers of young children by aligning the appropriate benefit Foster Care Allowance (FCA).

Earlier this year the Prime Minister announced $446.5 million over 4 years to fund contracted essential services delivered by community organisations for vulnerable families, children and young people, and to make annual cost adjustments. This includes the elder abuse and neglect services.

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