Working For Families

The Government has recently announced inflationary based adjustment to Working For Families Tax Credits thresholds and entitlements.

From April 2023, the Family Tax Credit will also increase by $9 a week for the eldest child to $136 a week, and by $7 a week for subsequent children to $111 a week. Best Start Tax Credits too will increase by $4 a week to $69 a week.

A general reminder for all those expecting new-borns in the coming months – the Best Start Tax Credits are universal (irrespective of income) for all children up until their 1st birthday. For any assistance in obtaining this support, please contact your usual MDA advisor.

The following link will take you to a table outlining how specific threshold changes may apply to your family:https://www.ird.govt.nz/-/medi...