WebWhen I use the IRD WFF calculator it estimates this should be $197 p/wk based on an income of 26k; the IRD is only giving me 50% of this. I have my child 50/50, so thought this would change the entitlement in the WFF calculater if I changed the number of days in care per fortnight, but it seems only the Family tax credit changes. WebJul 1, 2024 · You’ll have to provide your: IRD number name and contact details bank account details (if you’re not already a Working for Families Tax Credit or Ministry of Social Development customer) citizenship or resident status MSD client number (if you’re a Ministry of Social Development customer).

Consultation opens on Working for Families Tax Credits - ird.govt.nz

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Working for Families - Work and Income

WebWFF Context • NZ Revenue Total $48.6 billion 2007 • WFF Tax Credit $2.3 billion 2007 • Accommodation Supplement $0.9 billion • Childcare Assistance $ 0.1billion • WFF … WebIncreasing the MFTC threshold may make future WFF reform more complex and costly, [withheld under section s 9(2)(f)(iv) of the Official Information Act 1982] particularly if there is a desire to avoid people being financially disadvantaged. + Not increasing the MFTC threshold would make future WFF reform less complex and costly than Option One. WebThe threshold at which WFF tax credits begin to abate will decrease from $36,827 to $36,350 on 1 April 2012. The threshold will continue to decrease by $450 each subsequent time the FTC amounts are increased for inflation, until the threshold reaches $35,000. restaurant pauly seefeld