--- title: "PF023 · Captured AI answers" publisher: "Onsomble Limited" publication: "NZBrands.ai" edition: 3 collected_on: "2026-10-16" html_url: "https://nzbrands.ai/research/nz-election-2026/editions/3/questions/463c39bc-c868-4abc-a70c-c32da549b2ca/" --- # PF023 · Captured AI answers Edition 3 · answers collected 16 October 2026. [Read on NZBrands.ai](https://nzbrands.ai/research/nz-election-2026/editions/3/questions/463c39bc-c868-4abc-a70c-c32da549b2ca/) ## Question We own a home with a mortgage, have school-age children and rely on two wages. After mortgage payments, rates, power and groceries, there is little buffer. I am considering my vote in the 2026 New Zealand general election. What are the parties proposing about household costs, and which proposals would actually apply to a working family like ours? Question ID: 463c39bc-c868-4abc-a70c-c32da549b2ca. Report reference: PF023. Issue: Cost of living. Voter: Working household under mortgage pressure. [Source record (JSON)](https://nzbrands.ai/data/nz-election-2026/editions/3/answers/463c39bc-c868-4abc-a70c-c32da549b2ca.json) ## How to read this evidence The answers below are shown as the assistants gave them, not a verified account or NZBrands.ai voting advice. They may contain errors or outdated claims. A recorded source association is not necessarily a link shown to the reader. Captured 16 October 2026. 4 answers were saved for this question. Missing answers have not been filled in. [Study methodology and limitations](https://nzbrands.ai/research/nz-election-2026/editions/3/method.md) ## ChatGPT · asked nationally Answer ID: b634cc84-7942-46b6-b84b-4d69921c78a2. Captured 16 October 2026. **Begin captured answer — shown as given, not verified** For the **7 November 2026 New Zealand general election**, the major parties are taking quite different approaches to household costs. For a family that **owns its home with a mortgage, has school-age children and depends on two wages**, the important distinction is between policies that put money directly into your household, policies that aim to lower particular bills, and longer-term measures whose effect is much less certain. [Reuters](https://www.reuters.com/world/asia-pacific/main-parties-vying-form-new-zealands-next-government-2026-10-12/?utm_source=chatgpt.com) One notable point up front: **none of the major parties is offering a general mortgage-payment subsidy or direct relief for homeowners simply because they have a mortgage.** The Reserve Bank's interest-rate settings remain separate from election promises. ## What would actually affect a family like yours? | Party | Mortgage/homeowner | Power | Groceries | Tax/income | Children/family costs | |---|---|---|---|---|---| | **National** | No direct mortgage relief; policies aimed at growth and keeping rates affordable | Home Energy Fund loans for solar, batteries, insulation etc.; more generation/competition | More supermarket competition | No new taxes | Various education/family measures; focus on keeping taxes low | | **Labour** | Family home exempt from proposed CGT | SolarSaver low-interest loans + support; price-gouging rules | Break open supermarket wholesale supply; prohibit price gouging | Targeted 28% CGT on investment-property gains, **not family home** | Free school lunches, cheaper public transport, free prescriptions/GP visits | | **Greens** | Family home exempt from wealth tax | Zero-interest clean-energy loans; Kiwipower; warmer-home measures | Publicly owned KiwiMart + price controls/stronger Commerce Commission powers | $10,000 tax-free threshold; higher taxes on very high wealth/income and large corporations | Expanded school lunches and broader social support | | **NZ First** | No general mortgage subsidy | Break up major power companies | Break up supermarket duopoly | Substantial increase to Working for Families; minimum-wage increases | Potentially particularly relevant if eligible for Working for Families | | **ACT** | No direct mortgage relief | More generation, competition and ability to sell household-generated power | Competition-oriented rather than price controls | No new taxes; faster debt reduction; some targeted tax changes | Emphasis on lower government spending rather than broad new household benefits | These are the parties' stated proposals; whether and how quickly they would translate into lower household bills is a separate question. [National Party](https://www.national.org.nz/policies?utm_source=chatgpt.com) ### National National's approach is principally **"keep more of your existing income and reduce costs through competition and investment"**. It promises **no new taxes**, while targeting a return to surplus in 2028/29. Its 2026 policies include more supermarket competition, an energy programme intended to increase electricity supply, and a **Home Energy Fund**. [National Party](https://www.national.org.nz/policies?utm_source=chatgpt.com) The Home Energy Fund is particularly relevant to a homeowner: eligible ratepayers with **at least 20% equity** could obtain long-term, low-interest loans for solar, batteries, insulation and heat pumps. Repayment would be secured against the property and made through rates or on sale. [National Party](https://www.national.org.nz/policies/solar?utm_source=chatgpt.com) So, for your household, National's more immediate relevance is: - **No new income taxes**. - Potentially cheaper power over time from its electricity-supply/competition policies. - Access to financing for energy improvements if you have sufficient home equity. - More supermarket competition intended to improve grocery prices. - Its rates policy is aimed at keeping council rates affordable, but **it isn't a promise to pay your rates bill**. [National Party](https://www.national.org.nz/policies?utm_source=chatgpt.com) The trade-off is that much of the household-cost strategy relies on **economic growth, competition and increased supply**, rather than direct payments or large new household subsidies. ### Labour Labour has the most explicitly itemised **weekly-bills package**. For your family, the potentially relevant measures include: - **Fuel excise frozen for three years**. - Public-transport fares capped at $20 a week in Auckland, Wellington and Christchurch and $10 elsewhere, including children travelling to school. - **Fresh, locally made school lunches restored** from Term 1 2028. - **$5 prescription charges removed** from July 2027. - Three free GP visits a year from July 2028. - Low-interest **SolarSaver** financing for household solar and batteries, with up to $3,000 additional support for low- and middle-income households. - Rules against price gouging in essentials including groceries, power and fuel. - Measures to make it easier for smaller grocery retailers to compete with the major supermarkets. [Labour Party NZ](https://www.labour.org.nz/election-policy-pages/2026-election-policy-summary-pages/cost-of-living-plan/?utm_source=chatgpt.com) Some of those benefits only matter if you actually use the relevant service. For example, if your family doesn't use public transport, the fare cap does nothing for your household budget; if you drive extensively, the fuel-tax freeze is more relevant. **The mortgage question is interesting:** Labour proposes a 28% tax on gains from residential investment property and commercial property sold after 1 July 2027, but explicitly **exempts the family home** (as well as farms, KiwiSaver, shares and business assets). So simply owning and living in your mortgaged home would not subject you to this tax. [Labour Party NZ](https://www.labour.org.nz/election-policy-pages/capital-gains-tax?utm_source=chatgpt.com) ### Green Party The Greens propose the most extensive restructuring of household costs. Their tax package would introduce a **$10,000 tax-free income threshold**, which they say would give 96% of New Zealanders an income-tax cut. They would simultaneously introduce a 2.5% tax on net assets above $10 million, higher taxation of the largest corporations and banks, and a higher income-tax rate above $160,000. **Family homes are exempt from the wealth tax.** [Green Party of Aotearoa New Zealand](https://www.greens.org.nz/greens_commit_to_tax_the_super_rich_and_large_corporates_fairly_cut_income_tax_for_96?utm_source=chatgpt.com) For a working family, the practical proposals include: - A tax-free first $10,000 of income. - Much larger public investment in affordable power. - Zero-interest clean-energy loans covering up to 90% of homeowners' eligible costs. - Warmer-home/insulation assistance. - A publicly owned electricity generator/retailer, **Kiwipower**. - A publicly owned supermarket chain, **KiwiMart**. - Stronger powers to prohibit excessive supermarket and energy pricing. - Restoration and expansion of school lunch programmes. [Green Party of Aotearoa New Zealand](https://www.greens.org.nz/power_for_all_of_us?utm_source=chatgpt.com) Again, your **family home wouldn't be caught by the proposed wealth tax**, but the broader tax package is considerably more consequential for higher-income households and people with substantial assets. ### New Zealand First NZ First has unusually direct proposals for **families with children**. Its policy would make a temporary $50-a-week increase to the in-work tax credit permanent and add another $70, taking the proposed **Working for Families in-work tax credit to $120 a week**. It also proposes increasing the minimum wage at least in line with inflation each year of the next parliamentary term. [New Zealand First](https://www.nzfirst.nz/increasing_working_for_families_and_minimum_wage?utm_source=chatgpt.com) That means the crucial question for a two-income family is **whether you qualify for Working for Families**. If your household income is above the relevant thresholds, the benefit could be much smaller or disappear altogether. NZ First is also proposing to restructure the electricity industry by separating generation and retail, and to break up the supermarket duopoly. [New Zealand First](https://www.nzfirst.nz/nz_first_will_break_up_the_supermarket_duopoly?utm_source=chatgpt.com) Those latter policies are intended to reduce prices, but unlike a tax credit, **the amount your particular household would save cannot be specified in advance**. ### ACT ACT's approach is principally to **reduce government spending, avoid new taxes and encourage competition/investment**. Its 2026 fiscal plan promises no new taxes and faster debt reduction, while proposing targeted tax changes including removing tax on KiwiSaver investment earnings. [ACT New Zealand](https://www.act.org.nz/news/acts-fiscal-plan-cuts-the-waste-to-grow-the-country?utm_source=chatgpt.com) For power bills, ACT proposes more electricity generation and competition, greater freedom for households to generate electricity and sell surplus power to the buyer of their choice, and changes intended to prevent unnecessary network costs being passed through to consumers. [ACT New Zealand](https://www.act.org.nz/news/abundant-electricity-will-ease-cost-of-living?utm_source=chatgpt.com) For your household, that means **less emphasis on immediate cash assistance and more on reducing taxation and attempting to lower costs through market competition**. ## What about your biggest four expenses? If I translate the manifestos into the expenses you've actually identified: ### 1. Mortgage **There isn't a major-party policy that directly cuts your mortgage repayment.** The indirect mechanisms are: - National/ACT: economic growth, lower government debt and policies intended to keep taxes lower. - National: energy/home-improvement financing secured against your property. - Labour: family home protected from its proposed capital-gains tax. - Greens: family home exempt from their proposed wealth tax. Your mortgage interest rate itself would continue to be principally determined by **monetary policy and your bank**, rather than by a government subsidy. ### 2. Rates This is also an area where the parties' promises are less direct. National explicitly promises to **keep rates affordable** and refocus councils on core services. [National Party](https://www.national.org.nz/policies?utm_source=chatgpt.com) Other parties' central-government policies don't translate neatly into a particular reduction in the rates bill, because rates are primarily a **local-government revenue issue**. ### 3. Power This is probably the area where there is the greatest policy divergence. - **National:** more generation, competition, household solar/battery financing and the Home Energy Fund. [National Party](https://www.national.org.nz/policies/solar?utm_source=chatgpt.com) - **Labour:** SolarSaver, additional assistance for lower/middle-income households and regulation against electricity price gouging. [Labour Party NZ](https://www.labour.org.nz/election-policy-pages/2026-election-policy-summary-pages/cost-of-living-plan/?utm_source=chatgpt.com) - **Greens:** Kiwipower, zero-interest clean-energy loans and stronger public intervention in electricity. [Green Party of Aotearoa New Zealand](https://www.greens.org.nz/power_for_all_of_us?utm_source=chatgpt.com) - **NZ First:** break up the large integrated power companies. [New Zealand First](https://www.nzfirst.nz/power_to_the_people_sotn_2026?utm_source=chatgpt.com) - **ACT:** more generation, competition, network reform and freedom to sell household-generated electricity. [ACT New Zealand](https://www.act.org.nz/news/abundant-electricity-will-ease-cost-of-living?utm_source=chatgpt.com) The important caveat is that **none can guarantee a particular reduction in your monthly power bill**. These are different theories about how to achieve lower prices. ### 4. Groceries Again, there is a fairly clear divide. - **National:** increase competition, including separating New World and PAK'nSAVE so they compete more directly. [National Party](https://www.national.org.nz/policies?utm_source=chatgpt.com) - **Labour:** force major supermarkets to open up wholesale supply and prohibit price gouging. [Labour Party NZ](https://www.labour.org.nz/election-policy-pages/2026-election-policy-summary-pages/cost-of-living-plan/?utm_source=chatgpt.com) - **Greens:** go substantially further, including a publicly owned supermarket and direct controls against excessive pricing. [Green Party of Aotearoa New Zealand](https://www.greens.org.nz/affordable_food_for_all_of_us?utm_source=chatgpt.com) - **NZ First:** break up the supermarket duopoly. [New Zealand First](https://www.nzfirst.nz/nz_first_will_break_up_the_supermarket_duopoly?utm_source=chatgpt.com) - **ACT:** generally favours competition and reduced regulation rather than government intervention in prices. ## The particularly relevant question for a two-income family I'd separate **"working family"** from **"low-income family"** when assessing these promises. A household can be under enormous financial pressure while still earning too much to qualify for targeted assistance. That matters here. For your circumstances, the policies worth checking against your *actual* household numbers are: 1. **Combined taxable income** — particularly for Green tax changes and NZ First's Working for Families proposal. 2. **Whether either child uses public transport** — Labour's fare cap could matter substantially if so. 3. **Your petrol consumption** — Labour's fuel-tax freeze becomes more relevant for a driving-heavy household. 4. **Your mortgage equity** — National's Home Energy Fund requires at least 20% equity. [National Party](https://www.national.org.nz/policies/solar?utm_source=chatgpt.com) 5. **Whether you could use solar/battery/insulation financing** — several parties have proposals here. 6. **Whether you own any property besides the family home** — this matters for Labour's proposed CGT, although the family home itself is exempt. [Labour Party NZ](https://www.labour.org.nz/election-policy-pages/capital-gains-tax?utm_source=chatgpt.com) 7. **Whether your household qualifies for Working for Families** — particularly relevant to NZ First's proposal. [New Zealand First](https://www.nzfirst.nz/increasing_working_for_families_and_minimum_wage?utm_source=chatgpt.com) So rather than asking *"Which party has the best cost-of-living policy?"*—which depends on your priorities—you can make the comparison much more concrete: **how much would each party's proposals change your household's after-tax income and annual spending, and when?** If you give me your **approximate combined annual household income, number/ages of children, approximate mortgage balance and interest rate, annual rates, and rough monthly power/grocery/fuel spending**, I can turn the 2026 party policies into a **household-by-household comparison in NZ dollars**, while keeping the political assessment neutral. **End captured answer** ## Gemini · asked nationally Answer ID: 30b7211c-10b5-4990-9adc-57acb3dc6ed8. Captured 16 October 2026. **Begin captured answer — shown as given, not verified** For a dual-income, mortgage-holding family with school-age children and a tight buffer after essentials, the 2026 general election choices center on different philosophies for easing household pressure: direct cost-of-living relief, targeted family tax credits, healthcare savings, and housing/mortgage stability. The major party policy landscape shapes up around several key proposals that would directly affect a working household in your position: --- ### 1. New Zealand Labour Party Labour’s campaign heavily targets household overheads and fixed expenses, framing affordability around direct cost reduction: * **Healthcare Out-of-Pocket Cuts:** Proposes three free GP visits a year for every New Zealander, alongside free prescriptions and free maternity scans. For a family with children, reducing doctor and pharmacy bills directly targets regular household expenses. * **Transport and Travel:** Introduces a $20 public transport fare cap framework in key regions and a commitment to freeze fuel taxes to cut commuting costs. * **Financial Skills Integration:** Proposes making financial literacy and budgeting skills compulsory in school curricula. * **How it applies to you:** If your family frequently visits GPs or manages regular prescriptions, the healthcare policies offer immediate cash-flow relief. However, critics point out these broad universal schemes carry substantial government costs. ### 2. New Zealand First NZ First has focused heavily on working-income support through the tax and welfare system: * **Working for Families Boost:** Pledges a permanent retention and enhancement of the In-Work Tax Credit, proposing a $120 weekly boost for eligible working families (translating to a substantial annual increase for qualifying households). * **Wage Protections:** Pushes for minimum wage adjustments tied to inflation to protect baseline purchasing power. * **How it applies to you:** Because you rely on two wages and have school-age children, your household may sit within the threshold for Working for Families or In-Work Tax Credits (depending on your combined household income). A targeted weekly boost directly addresses the "little buffer" left after rates, power, and groceries. ### 3. National Party (Incumbent Coalition) & ACT The National-led government's approach emphasizes broad economic management, inflation control, and deferred or measured tax adjustments rather than sweeping new spending: * **Fiscal Restraint & Tax Relief:** Focuses on bringing inflation down to ease central cost pressures, with future tax relief promised later down the track once economic surpluses safely allow it without re-fueling inflation. * **Business and Job Environment:** Emphasizes supporting small businesses and private sector growth to secure stable employment rather than market interventions. * **How it applies to you:** While National previously delivered personal income tax threshold adjustments, their current 2026 stance cautions against large-scale spending packages that could risk keeping interest rates—and therefore mortgage servicing costs—higher for longer. For mortgage-holders, keeping interest rates stable is often just as vital as direct subsidies. ### 4. The Green Party & Minor Parties * **Income & Job Packages:** The Greens have pitched a wider economic package focused on job creation (projected around 64,000 new jobs) and systemic income support. * **Housing and Rent Controls:** Focus heavily on dampening housing market pressures through tenancy regulations and land value taxation, which indirectly impacts overall long-term accommodation stability. --- ### Summary: Which Proposals Apply to You? * **If you want immediate cash relief in hand:** NZ First’s $120 weekly Working for Families enhancement directly targets working parents with children. * **If your primary cash drain is medical or transit bills:** Labour’s packages around free GP visits, prescriptions, and transport caps offer tangible line-item savings. * **If your biggest anxiety is your mortgage rate:** Mainstream economic stability and avoiding policies that pressure the Reserve Bank to keep interest rates high remains the core argument of the incumbent National-led path. **End captured answer** ## Google AI Mode · asked nationally Answer ID: 3c2c12c1-c7ee-4397-93f6-2784088c9285. Captured 16 October 2026. **Begin captured answer — shown as given, not verified** Navigating household finances with a mortgage, children, and a tight buffer means that cost-of-living proposals from the political parties carry a very direct, practical weight. For a dual-income working family with a mortgage and school-age children, the major parties' 2026 general election proposals approach household relief through different mechanisms. Here is an overview of what the parties are proposing and how those policies would actually intersect with your situation: 1\. National Party * * **The Approach:** Focuses on general economic management, opposition to new taxes, and maintaining the status quo on income tax settings rather than broad new spending or income redistribution. They point to previous tax relief measures (such as the 2024 tax threshold adjustments) as having provided ongoing fortnightly relief for families. * **Application to your family:** As a working household, you would primarily experience this as stability—no new broad-based taxes (such as a capital gains tax or wealth tax)—relying instead on broader economic growth and wage performance to outpace inflation. It does not offer a targeted, immediate cash boost or structural subsidy for your specific daily overheads. * 2\. Labour Party * * **The Approach:** Direct intervention in household expenses and targeted cost-of-living relief. Proposals include a $20 weekly public transport cap, free prescriptions and expanded access to primary healthcare (such as free GP visits for specific groups/medicard initiatives), and measures targeting supermarket pricing and grocery price gouging. They also pledge to protect and restore universal or specific schooling/lunch supports (like the _Ka Ora, Ka Ako_ school lunch program model). * **Application to your family:** If you rely on public transport for commuting, the $20 cap provides direct savings. Reductions in GP and prescription costs lower family health overheads. Grocery market interventions, if effective, aim to lower the weekly checkout bill, though the directness and speed of relief depend heavily on market regulation outcomes. * 3\. New Zealand First * * **The Approach:** Direct income assistance centered on families. NZ First has campaigned on a prominent cost-of-living proposal to increase _Working for Families_ payments by $120 a week for eligible families, alongside policies to tie minimum wage adjustments to inflation. * **Application to your family:** Whether the $120 weekly _Working for Families_ boost applies depends entirely on your household income threshold, as Working for Families abatement thresholds apply as combined family income rises. If your dual incomes fall within the eligibility criteria, this would represent a substantial, direct cash buffer for your weekly budget. * 4\. Green Party * * **The Approach:** Revenue-raising targeting high-wealth individuals and corporations to fund public services and income support, coupled with structural tax reform. This includes a tax-free threshold on the first $10,000 of every adult's income, offset by higher marginal tax brackets for higher earners (such as a 45% top rate on incomes over $160,000). * **Application to your family:** The tax-free first $10,000 for each adult would reduce income tax for both earners in your household. If one or both of your incomes stretch into the higher tax brackets proposed, that net gain would be weighed against the higher top rates, but for average-to-moderate dual-income brackets, the lower-income tax-free threshold generally results in a net positive annual gain. * 5\. ACT Party * * **The Approach:** Expenditure reduction, cutting government debt and "wasteful" spending, and advocating for flatter income tax structures over targeted subsidies. * **Application to your family:** ACT’s proposals are designed around macro-fiscal restraint and reducing state expenditure rather than providing direct household subsidies or cash transfers to families. Working families would feel the impact indirectly through wider economic stability and interest rate environments rather than a line-item benefit on household expenses. * 6\. Te Pāti Māori * * **The Approach:** Systemic welfare and tax overhauls, including targeted food and income support mechanisms such as an _Income Tax Kai Credit_ aimed at lower-to-middle income earners (designed to offset food costs). * **Application to your family:** The _Kai Credit_ specifically targets adults earning $60,000 or less. Depending on how your two individual wages are split, if one or both partners earn under that individual threshold, you may qualify for targeted food-cost relief; if your individual incomes sit above that mark, it would not apply directly. * * * * Summary Checklist for Your Household * * **If looking for immediate cash/income support:** Look closely at **NZ First’s** Working for Families threshold rules to see if your combined income qualifies for the proposed $120/week boost, or the **Greens'** tax-free individual thresholds. * **If looking for relief on fixed/overhead bills (Health, Transport, Food):** **Labour's** proposals around public transport caps, health/prescription charges, and grocery market reforms target these specific outlays. * **If looking for individual wage/tax threshold interplay:** Check how individual income splitting affects policies like **Te Pāti Māori's** _Kai Credit_ ($60,000 individual threshold) versus broader tax-free brackets. **End captured answer** ## Google AI Overviews · asked nationally Answer ID: c3134016-8191-4535-a51b-c97f91a81978. Captured 16 October 2026. **Begin captured answer — shown as given, not verified** For a two-income family with a mortgage and school-age children, the **2026 New Zealand general election** features competing strategies to ease the squeeze on your household budget. The parties are split between offering **direct tax changes, expanding family tax credits, or cutting specific everyday costs** like health, schooling, and transport. A breakdown outlines what the major political parties are proposing and how their policies directly apply to a family in your situation: 🇳🇿 National Party: "No New Taxes" & Economic Growth * **The Proposal:** National is campaigning heavily on a **"no new taxes"** platform. Their Economic Plan focuses on spending discipline, keeping income tax brackets where they are (following earlier adjustments), and resisting new tax models. They argue that opposition spending plans will ultimately cost the average household thousands more per year in hidden costs or future taxes. * **Application to you:** This policy does not add new cash to your pocket, but it ensures your dual incomes won't face new tax rates. It relies on broader economic management to lower general inflation and keep mortgage interest rates down. 🔴 Labour Party: Targeted Cost Reductions * **The Proposal:** Labour's 2026 policies focus on lowering everyday bills rather than broad income tax cuts. Key promises include **three free GP doctor visits per year** for every New Zealander, a **$20 weekly public transport cap** , and a "Fair Go Law" to ban hidden fees. They are also introducing a **28% capital gains tax on investment properties** (explicitly excluding the family home) and pledging to lower the cost of getting kids back to school. * **Application to you:** Your family home remains exempt from their property tax. The immediate benefits to your buffer would come from reduced out-of-pocket expenses: free doctor appointments for the whole family and lower costs for school uniforms or supplies. 🪙 New Zealand First: In-Work Tax Credit Boost * **The Proposal:** NZ First has introduced a major cost-of-living policy targeted directly at working whānau. They are promising a **$120 weekly boost for working families**. This would be achieved by making the temporary $50 increase to the Working for Families in-work tax credit permanent and adding an extra $70 on top of it. They also promise to link the minimum wage to inflation. * **Application to you:** Because you are a dual-income family with school-age children, you are the primary target for the **In-Work Tax Credit**. If your combined income sits within the eligible thresholds, this policy could add up to **$6,240 a year** directly into your household budget to help cover groceries and utilities. 🟢 Green Party: Income Tax Shifts * **The Proposal:** The Greens are focusing on systemic tax changes. They propose making the **first $10,000 of every adult's income completely tax-free**. To fund social services, they advocate for a wealth tax on individuals with high-value assets and a top income tax rate of 45% on income over $160,000. * **Application to you:** As a regular working family, you would not be affected by a wealth tax. However, the tax-free threshold means **both wages in your household would take home more net pay** each week, giving you an immediate boost to your cash buffer. The exact benefit depends on whether your top earner crosses the $160,000 threshold. ⚖️ The Opportunity Party (TOP): The "Tax Reset" * **The Proposal:** TOP is advocating for a complete structural overhaul. They propose a **1.75% Land Value Tax** (which applies to the value of the land your home sits on) paired with adjusted income tax rates: 28% up to $50,000, 34% up to $200,000, and 39% above that. They also want a compulsory 6% employee / 6% employer KiwiSaver model. * **Application to you:** While the income tax changes could leave a standard dual-income family thousands better off on paper, you would need to calculate the impact of the **1.75% annual tax on your property's land value** , which would essentially act as an additional cost alongside your local council rates. * * * To help narrow down how these choices affect your household budget, would you like to explore **how the different tax brackets scale** against your specific income levels, or look closer at the **working family tax credit income caps**? **End captured answer** ## Publication and corrections Published and funded by Onsomble Limited. NZBrands.ai takes no view on any party or policy. 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