Unions support redundancy tax changes

“Unions have called for changes to the tax on redundancy payments, and support the proposals tabled by the government today,” Council of Trade Unions secretary Carol Beaumont said.

“Although unemployment is at a relatively low level, there are still significant numbers of workers being made redundant, and redundancy pay can push them into a higher tax bracket.”

“Being made redundant is an unsettling and financially stressful time for workers and the greater the assistance available to them the better.”

“Unions play an active role in negotiating appropriate redundancy arrangements with employers, and the changes announced today will help ameliorate the financial stress workers face.”

The CTU along with Business New Zealand is a part of the public advisory group to the Minister of Labour on redundancy and restructuring, Carol Beaumont said.

ENDS

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