Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Working for Families credit amounts rise

Hon Peter Dunne
Minister of Revenue
Hon Paula Bennett
Minister for Social Development

16 March 2012 Media Statement

Working for Families family tax credit and minimum family tax credit amounts rise

Working for Families tax credits will increase from 1 April this year, Revenue Minister Peter Dunne announced today

“This adjustment will assist Families who are eligible for the WFF tax credits and compensate for cost of living increases over past year”, said Mr Dunne.

“These increases will make a real difference to families for whom every cent counts,” said Social Development Minister Paula Bennett.

From 1 April this year, families with children under 16 who qualify for the family tax credit will have their tax credit increased for inflation.

The annual family tax credit for:
the first child under 16 increases from $4,578 to $4,822;
a subsequent child under 13 increases from $3,182 to $3,351; and
a subsequent child between 13 to 15 increases from $3,629 to $3,822.

Low-income families who qualify for the minimum family tax credit will additionally get more assistance. The minimum family tax credit ensures working families receive a minimum after-tax income that is more than would be received while on a welfare benefit.

The minimum family tax credit threshold will increase from an after-tax income of 22,204 to $22,568 on 1 April this year. This increase will mainly assist sole parent families who move off the Domestic Purposes Benefit.

“This provides a real incentive to move into work,” said Ms Bennett.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Compelling Case For Meatless Meat

Talk about living in a bubble. As vegetarianism and veganism become normalised – there are more options on restaurant menus! - it can be easy to think that the whole world is gradually giving up on meat. Alas, the reverse is true. Americans for instance consumed 100 kilograms of meat and poultry in 2018, up from 75 kilograms in 1960, according to the US Department of Agriculture figures... More>>


Pay Policy: CTU Public Service Unions Meet With Public Service Minister

The Council of Trade Unions and affiliated public service unions, met with the Minister for the Public Service Hon Chris Hipkins this afternoon to discuss the pay expectations of those working in our public services. CTU President Richard Wagstaff said it was ... More>>

Government: Further Action Against Gang Crime

The Government will make it illegal for high risk people to own firearms by introducing Firearms Prohibition Orders (FPOs) that will strengthen action already taken to combat the influence of gangs and organised crime to help keep New Zealanders and their ... More>>


Maori Party: Whakatōhea High Court Decision

“We applaud the Whakatōhea High Court case that has now set a precedent for Māori rights and interest in their foreshore and seabed. It’s an outstanding decision because the Court recognises all reclaimed lands with significant and boating traffic” ... More>>


PM: Statement On The Speaker And Annual Review Debate

“The serious issue of alleged sexual assault and harassment at Parliament was poorly managed and inappropriately politicised last night. The tone of the debate did not reflect well on Parliament as a whole,” Prime Minister Jacinda Ardern said. ... More>>

Parliament: Mallard Fails To Give Taxpayers A Straight Answer

Trevor Mallard has confirmed he is unfit to be Parliament’s Speaker by failing to answer several important questions relating to the false rape accusation saga that cost taxpayers more than $330,000, Shadow Leader of the House Chris Bishop says. ... More>>

Local Government: Independent Review To Explore Future

Local Government Minister Nanaia Mahuta says an independent review of local government will explore how councils can maintain and improve the wellbeing of New Zealanders in the communities they serve long into the future. More>>


PM Ardern And PM Morrison: Commencement Of Two-Way Quarantine-Free Travel Between Australia And New Zealand

Joint Statement by Prime Ministers Scott Morrison and Jacinda Ardern Commencement of two-way quarantine-free travel between Australia and New Zealand Today, Australia and New Zealand have fulfilled their commitment to establish two-way quarantine free ... More>>




InfoPages News Channels