To calculate which Working for Families Tax Credits payments you are entitled to we need to know what your income is made up of.
If you receive investment income from interest, dividends or rents you need to include this under salary and wages.
For the weeks that your family income includes an income tested benefit or veteran’s pension you are not eligible for minimum family tax credit.
Income tested benefits include domestic purposes, widow’s, invalid’s, independent youth, emergency, sickness and unemployment.
You can get minimum family tax credit for the weeks when your family income is from NZ Super, student allowance or self employment
as long as you also work the required hours for salary and wages. Please note, there are special conditions if you and/or your
spouse or partner receive shareholder-employee income from a close company in which you have a 10% or more shareholding.
For the weeks that your family income includes income from an income tested benefit or student allowance you are not eligible for in work tax credit.
You can get in-work tax credits for the weeks when your family income is from NZ Super or veteran’s pension as long as you also work the required hours for salary and wages
or self employment.
You can get in-work tax credits if you or your partner are receiving accident compensation because of an injury from
an accident on or after 1 January 2006 and you were working the required hours prior to your accident.