Working For Families Tax Credits
What is Working for Families?
Working for Families is a government backed initiative designed to help make it easier to work and raise a family. Thousands of New Zealanders are entitled to extra money through Working for Families.
Who qualifies for Working for Families?
· Most families earning under $70,000 a year.
· Many families earning between $70,000 and $100,000 a year.
· Some larger families earning more.
· Some people without children who may qualify for help with housing costs.
Help with Family Costs
Working for Families Tax Credits provide financial help for families with children aged 18 or under. Working for Families Tax Credits are paid by Inland Revenue and include several different types of payments:
· Family tax credit
· In-work tax credit (for families working a minimum number of hours).
· Minimum family tax credit (to ensure a minimum income for working families).
· Parental tax credit.
Families may qualify for one or more of these payments depending on their circumstances.
Childcare Assistance – This provides families with help for childcare costs and is paid by Work and Income. There are two types of payments: the Childcare Subsidy for pre-schoolers and the OSCAR (Out of School Care and Recreation) Subsidy for school age children.
Accommodation Supplement – provides help towards the cost of rent, board, mortgage and other essential housing costs and is paid by Work and Income.
How to Get More Information on Working for Families
· Visit www.workingforfamilies.govt.nz which has calculators to work out eligibility.
· Talk to the team at NZCU South.
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