A career pilot’s income from their bank account is expected to grow as they earn a minimum of $20,000 a year.
The new income support scheme will help pay for childcare, education and apprenticeships.
The New Zealand Government said it was a “game changer” and that people would now be able to get the support they needed.
“There are hundreds of thousands of Kiwis that are in work right now and it is critical that they get the right support,” Minister of Jobs, Skills and Transport John Key said.
“The new $1.5 billion Career Pilot Academy is a game changer that will help those who want to get into the workforce get the skills they need and to stay in the workforce they want.”
It will also help those that want to work as a teacher or in a skilled trade, such as carpentry, or as a nurse or midwife.
“We have made sure that the tax credit is a real one for those that need it and the new $100 per week minimum income is designed to be a match for that,” Mr Key said, adding that those who earned more than $1 million a year would also get the extra help.
“These people will be able start a business, a career, get a good job, they’ll be able build their portfolio and their income, and that will have a huge impact on their ability to pay for their education.”
New Zealand’s economy was expected to shrink by 1.2 per cent in 2018-19, according to the Reserve Bank.
It was forecast to grow by 1 per cent by 2023-24.