Quick Summary
Paid Parental Leave (PPL) in New Zealand provides financial support for individuals taking time off work to care for a new baby or a child under six years old. It helps replace lost income during this period. The Inland Revenue Department (IRD) manages these payments.
Details
Understanding Paid Parental Leave in New Zealand
Paid Parental Leave (PPL) is a government-funded payment designed to help New Zealand parents financially when they take time off work to care for a new baby or a child under six who has come into their care. Its primary purpose is to provide a regular income stream while you're not earning your usual salary or wages.
Key aspects of PPL in NZ:
- Support for New Families: PPL aims to ease the financial burden on families during a significant life change, allowing parents to focus on their new child without immediate income worries.
- Eligibility: It is generally available to employees and self-employed individuals who meet specific work and income criteria.
- Managed by IRD: The Inland Revenue Department (IRD) is responsible for processing applications and making PPL payments.
- Recovery Support: PPL also supports individuals recovering from pregnancy, ensuring they have financial stability during this crucial time.
This payment helps bridge the gap between working income and the costs associated with caring for a newborn or newly adopted child.
Source: https://www.ird.govt.nz/paid-parental-leave