Scoop has an Ethical Paywall
Boost to minimum family tax credit rate
Hon Peter Dunne
MP for Ohariu Belmont
Minister of
Revenue
Associate Minister of Health
Media
statement
For immediate release
Tuesday, 13 November
2007
Boost to minimum family tax credit rate
Low-income working families will be eligible for a $416 increase in their minimum family tax credit from 1 April next year, Revenue Minister Peter Dunne announced today.
“The family tax credit helps support families moving off a benefit and into paid work and ensures that these families who are working are better off as a result of being in the workforce.
“The minimum family tax credit provides a guaranteed minimum family income to families who are in work. It currently guarantees recipients a net income of $18,044 a year. This will rise to $18, 460 from 1 April 2008.
Around 2,400 families received the tax credit this year,” Mr Dunne said.
The change to the minimum family tax credit, which takes into account rises in inflation, was approved by Order in Council yesterday.
Ends
Gordon Campbell: On Luxon Living In Denial About His Privilege
Asia Pacific AML: Is New Zealand Complacent To Political Corruption?
WWF-NZ: Hauraki Gulf U-Turn A ‘Betrayal Of Aucklanders'
Jonathan Leask - LDR: How 678 Speeding Violations By The Boss Went Unnoticed At ECan
NZ First Party: Rt Hon Winston Peters; As Promised – We Are Taking Back Our Country
Hauraki Gulf Forum: Commercial Fishing Changes Undermine Marine Restoration Principles
Taxpayers' Union: Lowest Support For National In 15 Months; Highest For Labour In 16 Months; In Latest Taxpayers’ Union-Curia Poll
