Working for Families Tax Credits from Inland Revenue
Working for Families Tax Credits is an entitlement for working families with children. It is made up of four types of payments and you may qualify for one or more, depending on your personal situation.
On this page:
The four types of payments
The four types of payments are:
Family Tax Credit
This is a payment for each dependent child 18 years or younger.
In-Work Tax Credit
This is a payment for families who normally work a minimum number of hours each week.
Minimum Family Tax Credit
This is a payment for families who earn up to $24,493.67 a year before tax from salary/wages, and who work a minimum number of hours each week.
Parental Tax Credit
This is to help meet the needs that come with having a new baby and is for the first 56 days after your baby is born.
These tax credits are available for families with children whose income is under a certain amount and residence rules apply. The type of payment and how much you could be eligible for, may be affected if your family income includes an income tested benefit, Student Allowance or New Zealand Superannuation.
General Working for Families Tax Credits criteria
How much you can get depends on:
- how many dependent children 18 years or younger you have
- how much you and your partner earn - your family income
- where your income comes from (for example, salary or wages, business, Student Allowance, or a benefit)
- the age of the children in your care
- any shared care/custody arrangements
- how many hours you or your partner work each week.
Note: when working out your estimated income for your Working for Families Tax Credits please include all benefit and student allowance payments. Failure to include all these income payments, may result in an over payment of Working for Families Tax Credits, which will need to be repaid to Inland Revenue.
How to get more information
For more details about Working for Families Tax Credits visit the Inland Revenue website or contact them.
Paid parental leave
If you're eligible for both payments and you'd like some advice on which would be the better one for you, contact Inland Revenue.
If you're eligible for both payments and you'd like some advice on which would be the better one for you, contact Inland Revenue.
