Financial support for individuals and whānau

Because of COVID-19 financial pressure will be a reality for many. Help is available if you’re experiencing financial distress.

COVID-19 financial support tool

You can use the COVID-19 financial support tool to find out what financial help may be available to you.

The tool will take you, step by step, through a series of questions to understand your personal circumstances:

  • your work status, for example job loss due to COVID-19
  • your situation, for example your business is unable to operate
  • whether your workplace has reduced business and revenue.

The tool will then tell you what financial help and support you can access, and where you can apply or find more information.

Use the COVID-19 financial support tool

Help with money

Essential costs

If you’ve lost your job or had your hours reduced you may be able to get a benefit or some other financial help from Work and Income.

Work and Income can help with urgent costs like:

  • food
  • accommodation costs, for example rent or mortgage, board, emergency housing, moving house
  • repairs or replacing appliances
  • emergency dental treatment
  • emergency medical treatment
  • water tank refill.

Financial support, eligibility criteria and how to apply at the Work at Income website (external link)

You can also call Work and Income on 0800 559 009.

Guidance for those under financial stress

If you're worried about your ability to finance existing loans as a result of COVID-19 you should contact your bank or finance company as soon as you can.

Banks and other lenders will work with customers who are struggling financially. Borrowers have a legal right to ask for changes to their repayments. There are a range of options available to help you through this time. 

Budgeting and financial guidance

The government-funded services Sorted and MoneyTalks can help with budgeting or other financial guidance.

Sorted can help with tips, guides and tools support online or you can email

Read more information on the Sorted website (external link)

You can also talk to financial mentors at MoneyTalks. Call 0800 345 123, text 4029 or email

Read more on the MoneyTalks website (external link)

Power bills 

If you're worried about the costs of your power bills, talk to your retailer about other options such as moving to a more affordable plan.

If you're vulnerable, in financial hardship or medically dependent, you should tell your retailer.

Electricity Authority advice to save on power bills (external link)

Wage Subsidy and Leave schemes

Wage Subsidy Scheme

The Wage Subsidy Scheme helped employees working for businesses suffering from the effects of COVID-19. It helped keep people employed and ensured an income for affected employees for up to 12 weeks.

Your employer can no longer apply for the Wage Subsidy Scheme. You may be able to get the Wage Subsidy Extension if you are still impacted by COVID-19.

Wage Subsidy Extension

A Wage Subsidy Extension payment is available to support workers, including sole traders, who are still significantly impacted by COVID-19 after the Wage Subsidy ends.

It supports employers to continue to pay their employees.

The Wage Subsidy Extension will be available for 8 weeks, between 10 June 2020 and 1 September 2020. It will be paid at the same weekly rate as the Wage Subsidy.

Employers can apply for the Wage Subsidy Extension once they have finished paying their employees the original 12 week Wage Subsidy.

To be eligible, your business must have had a revenue loss of at least 40% for a continuous 30 day period. This period needs to be in the 40 days before you apply, but no earlier than 10 May 2020, and must be compared with the closest period last year.

COVID-19 Wage Subsidy Extension (external link)

COVID-19 Leave Support Scheme

The COVID-19 Leave Support Scheme provides a payment to businesses to pay their workers who need to take leave due to COVID-19 public health guidance.

COVID-19 Leave Support Scheme (external link)

Redundancy support

As the impact of COVID-19 increases, experiencing job loss could be a reality for many. If you’ve lost your job or you run a business and are faced with laying off your employees, there may be support options available to you. Work and Income offer a range of information and support to employees who are made redundant.

Find out more on the Work and Income website (external link)

Work and Income has also information for employers who are considering redundancies.

Read details on the Work and Income website (external link)

COVID-19 Income Relief Payment

The COVID-19 Income Relief Payment is another option for people who have recently lost their jobs.

You may be eligible if you lost your job (including self-employment) from 1 March 2020 to 30 October 2020, due to the impacts of COVID-19. You can get up to 12 weeks of payments to help with living costs and give you time to look for other work.

It offers:

  • $490 a week if you lost full-time work
  • $250 a week if you lost part-time work.

More information and how to apply (external link)

Protection for renters and tenants

If you're renting and are struggling to pay your rent, you may be eligible for support to help you stay in your rental property.

Get help with housing costs from Work and Income (external link)

There is currently a freeze on rent increases. This means that landlords can’t increase rent for their rental properties until after 25 September 2020.

Information for landlords and tenants at the Tenancy Services website (external link)

Mortgage repayment deferral scheme

New Zealand’s retail banks are offering to defer repayments for all residential mortgages for up to 6 months for customers financially affected by COVID-19.

If you get a mortgage repayment deferral from your bank you will not need to make principal and interest payments on your loan for up to 6 months. This package is in addition to what banks are already doing individually to help affected customers.

Key details of this scheme

It's important to know that interest on these loans will still increase, and deferred interest will be added to the principal amount of the loan.

Banks will assess the suitability for each customer who is asking for a deferral.

Banks will have different approaches to how they manage the process for customers to opt into a mortgage deferral. Those details, including eligibility criteria, will be available on bank websites.

Customers should contact their bank for further details or queries about the scheme.

NZ citizens and residents living in Australia

Access to Australian superannuation

All New Zealand citizens and permanent residents living in Australia, who meet the Australian Government’s eligibility criteria, will now be able to access up to AUD$20,000 of their Australian superannuation. 

How to apply for payment from your Australian superannuation (external link)

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