To our valued clients

Once again we are here to help you through another difficult time due to Covid-19, if you are entitled to the wage subsidy and resurgence payment and have already applied - well done!

Please see the information below - if you require any assistance from us please contact your account manager in the first instance, they are working from home and can be contacted via email.  If you are unsure who to contact please reply to this email and it will be passed on to the correct person.

Covid Resurgence Support Payment (RSP) – Through IRD

This is a one off payment for eligible businesses and organisations 7 days after the alert level increase  - Applications are open from 8am 24 August 2021 – it remains open for one month after all of New Zealand returns to alert level 1. RSP is calculated as $1500.00 base payment plus $400.00 per FULL time employee (over 20 hours), if you are a Sole trader you can receive a payment of $1900.00

The maximum RSP payment is $21,500

You must have experienced a 30% drop in your capital raising ability (the ability to obtain money/funds in order to run your business) – to calculate the affected revenue you will need to calculate your revenue over a continuous 7-day period during the increased alert level and compare against a regular 7 day period during the 6 weeks prior to the increased alert level

Businesses with low revenue will have their payment capped at four times (4x) the amount their revenue has dropped over the 7-day period. For example, if your business has 3 FTEs, they would be entitled to $2,700. However, if their revenue drop was $500, their RSP payment would be limited to $2,000.

You can confirm your eligibility here https://www.ird.govt.nz/covid-19/business-and-organisations/resurgence-support-payment/eligibility

And apply here: (this will take you to your MyIR)

https://www.ird.govt.nz/covid-19/business-and-organisations/resurgence-support-payment/apply

Covid Wage Subsidy – Through MSD

Covid-19 Wages Subsidy applications are open from Friday 20th August 2021 (Applications will be open for two weeks) - you will be able to apply for $600.00 per week per full time employee and $359.00 per week for part-time employee's – the payment per employee will cover a two week period.  

Basic criteria is that your business will have had at least a 40% decline in revenue, over the period of the 17th August – 30 August 2021 when compared to a typical 14 day consecutive period of revenue in the six weeks immediately prior to the move to alert level 4 on the 17th August 2021.

You must retain evidence to support the application/declaration.

More information is available on the subsidies is available through MSD on the below link.

https://workandincome.govt.nz/covid-19/wage-subsidy/index.html

Links to Apply for Wages Subsidy

Sole Trader

https://www.workandincome.govt.nz/online-services/covid-19/apply-checklist-wage-subsidy-august-2021-self-employed.html

Employer

https://www.workandincome.govt.nz/online-services/covid-19/apply-checklist-wage-subsidy-august-2021-employers.html

 

 

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