Assumptions<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

·         All net income is spent.

·         No assumption is made for rent, mortgage payments or other items that do not incur GST.

·         The impact of GST on prices is set at about 2 per cent as estimated by Statistics New Zealand.

·         No Accommodation Supplement or Working for Families.

·         Qualify for Independent Earner Tax Credit.

Individuals and families can work out how Budget 2010 tax changes personally affect them at www.taxguide.govt.nz