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Finance Minister Nicola Willis during her appearance at the Finance and Expenditure Committee, where she announced May 28th as the Budget 2026 day, Parliament, Wellington, New Zealand, January 28, 2026. Herald photograph by Mark Mitchell

Jenee Tibshraeny: What can we expect ahead of Budget 2026?

Author: Newstalk ZB,
Publish Date: Wed, 27 May 2026, 7:57pm

Accountants are hopeful the Government will use the Budget to do something about the secret little wealth tax those with offshore investments are currently paying.

As it stands, most people with more than $50,000 directly invested in assets offshore, including shares in companies listed on stock exchanges, need to pay tax on a portion of the value of their investments, regardless of if they receive income from those investments.

Those who invest in shares in New Zealand companies or New Zealand-domiciled funds only need to pay tax on the income they receive from their investments.

NZ Herald Wellington business editor Jenee Tibshraeny explained further.

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