What are the income caps for first home buyer help in New Zealand?

Short answer: Single: up to $95,000. Combined: up to $150,000. Includes all income sources.

What this actually means in plain English

For the First Home Grant and First Home Loan, you can earn up to $95,000 if buying alone, or $150,000 combined if buying with others. These caps include bonuses and overtime. If you earn a few dollars over, you get nothing.

Key Facts

Single buyer cap: $95,000 gross annual income
Combined buyer cap: $150,000 gross annual income
Includes bonuses, overtime, and commissions
Caps are reviewed annually

Example

Salary: $90,000

Bonus: $8,000

Total Income: $98,000

Over Cap By: $3,000

Result: Not eligible for First Home Grant

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