“My expectation is that most people’s tax cuts will likely be swallowed by household bills”
Use any possible tax cut savings to build a cash buffer and pay down debt

The Government’s long-awaited tax cuts are finally coming into effect but what impact will they have?

ACBC Financial Mentors believe it will “bring us back to where we were maybe six months ago.”

If people are able to benefit from the cut, Teresa White provides some quick advice:

  1. Save and build up a cash buffer.
  2. Pay down debt, get rid of it while you can.

Read more about the government tax cuts on the NZ Herald website.