Regardless of the government announcing its proposed income insurance scheme is to be delayed by a year, interim results this week suggest a significant majority of advisers do not support its introduction…
Less than a month after the official consultation period ended on the Government’s proposal to introduce its own income insurance scheme, Minister of Finance, Grant Robertson, announced its launch would be delayed by a year. It won’t now be introduced until 2024.
To fund the scheme, which will provide 80% of a person’s wages or salary for six months if they find themselves out of work through no fault o their own, business owners and their employees will pay an extra tax of 1.39%.
While many questions remain over the fine detail of the policy, and any impact it may have on the sector, do you think this initiative from the Government will be a good thing for both consumers and the industry?
Do you support the Government's plan to introduce a state-backed income insurance scheme?
- No (80%)
- Yes (11%)
- Not sure (9%)
Loading ...See our story: Income Insurance Scheme Delayed Until 2024