Hamilton Grey Power June 2017
The Hamilton Grey Power Magazine is a localised edition of the National Grey Power Magazine, reporting on the policies of the Grey Power Federation, concerns of the elderly and reader interest articles which keep the members informed on issues that directly effect them.
The Hamilton Grey Power Magazine is a localised edition of the National Grey Power Magazine, reporting on the policies of the Grey Power Federation, concerns of the elderly and reader interest articles which keep the members informed on issues that directly effect them.
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Budget <strong>2017</strong> – what’s in it for YOU<br />
From page 4<br />
will benefit by an average of<br />
$29 a week from the changes to<br />
Accommodation Supplement.<br />
Table 1: Changes to the maximum weekly Accommodation<br />
Supplement amounts<br />
Area Family size Current new difference<br />
Area 1 1 person $145 $165 $20<br />
2 person $160 $235 $75<br />
3+ person $225 $305 $80<br />
Area 2 1 person $100 $105 $5<br />
2 person $125 $155 $30<br />
3+ person $165 $220 $55<br />
Area 3 1 person $65 $80 $15<br />
2 person $75 $105 $30<br />
3+ person $120 $160 $40<br />
Area 4 1 person $45 $70 $25<br />
2 person $55 $80 $25<br />
3+ person $75 $120 $45<br />
The table below shows<br />
the changes in the maximum<br />
weekly Accommodation<br />
Supplement amounts from<br />
April 1, 2018.<br />
• $48 Adult • $45 Gold card • $38 Child<br />
Ear Hygiene<br />
Discharging Ears<br />
Removal of wax by micro-suction<br />
For information on the allocation<br />
of towns and communities<br />
to the four Accommodation<br />
Supplement Areas, see the<br />
maps at www.msd.govt.nz/<br />
about-msd-and-ourwork/newsroom/<strong>2017</strong>/budget-<strong>2017</strong>.html.<br />
To estimate how Accommodation<br />
Supplement payments<br />
may change from April<br />
1, 2018, there is an updated<br />
Accommodation Supplement<br />
calculator on the Working<br />
for Families website at http://<br />
www.workingforfamilies.govt.<br />
nz/calcula tors/.<br />
Superannuitants who do<br />
not gain or are financially<br />
disadvantaged<br />
Some superannuitants will<br />
not gain from the changes as<br />
the increase in one payment is<br />
offset by a decrease in another<br />
payment they receive, such as<br />
Temporary Additional Support.<br />
A Transitional Assistance<br />
payment will be available to<br />
the very small number of people<br />
who may see an overall decrease<br />
in their income of more<br />
than $3 a week because of<br />
their particular circumstances.<br />
What else is changing?<br />
On April 1, 2018, Family Tax<br />
Credit rates will increase for<br />
people with children under 16<br />
years old, to match the rates<br />
paid for children aged 16 to 18.<br />
Currently, if your family income<br />
is above $36,350 a year,<br />
your Working for Families tax<br />
credits reduce by 22.5 cents<br />
for every dollar you earn above<br />
this.<br />
From April 1, 2018, if your<br />
income is above $35,000 a<br />
year, your Working for Families<br />
tax credits will reduce by 25<br />
cents for every dollar you earn<br />
above this.<br />
Why are the changes being<br />
made?<br />
The Family Incomes Package will<br />
increase take-home pay for people<br />
who are working, help lower-income<br />
families with young<br />
children meet their living costs<br />
and improve incomes for those<br />
with high housing costs.<br />
It will benefit around<br />
1,340,000 households by an average<br />
of $26 a week.<br />
Around 750,000 superannuitants<br />
and 41,000 students will<br />
also benefit.<br />
These changes lift the incomes<br />
of many households, especially<br />
those with low incomes<br />
after housing costs (in ‘housing<br />
stress’), and with children.<br />
They are expected to lift<br />
around 20,000 households<br />
above the threshold for severe<br />
housing stress (considered to<br />
be households having less than<br />
$180 a week after paying their<br />
housing costs, adjusted for inflation,<br />
household size and type).<br />
These changes are also expected<br />
to reduce the number of<br />
children living in families receiving<br />
less than half of the median<br />
income by around 50,000.<br />
For more information on the<br />
changes in the Family Incomes<br />
Package visit www.budget.govt.<br />
nz/budget/<strong>2017</strong>/familyincomespackage/index<br />
and www.msd.<br />
govt.nz/about-msd-and-our-<br />
work/newsroom/<strong>2017</strong>/budget-<br />
<strong>2017</strong>overview.<br />
These changes will happen<br />
on April 1, 2018, until then payments<br />
are unaffected. More information<br />
on these changes will<br />
be made available closer to the<br />
time.<br />
For appointments<br />
0800 327 435<br />
www.earhealth.co.nz<br />
Clinics in <strong>Hamilton</strong>, Matamata, Morrinsville,<br />
Putaruru, Te Aroha and Tokoroa<br />
Discount for ACC approved patients<br />
The thought of moving<br />
house overwhelming?<br />
Move Managers takes the stress out of preparing your home for sale,<br />
downsizing, moving or just wanting to get organised. When you’re<br />
faced with the challenge of downsizing to a smaller home or need help<br />
clearing a home for sale, Move Managers is here to help. It’s easy to get<br />
started. Just give us a call, we’ll visit you to discuss your needs.<br />
The initial visit is free. Police checked, insured, references.<br />
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Visit our website for more information<br />
www.movemanagers.co.nz<br />
email us at info@movemanagers.co.nz<br />
www.facebook.com/movemanagers<br />
6 <strong>Hamilton</strong> greypower Magazine – <strong>June</strong> <strong>2017</strong>
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