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- Better administration of social policy
Base payments on actual recent income
- Considering the compliance costs of providing information more frequently, how often do you think information should be provided?
- If you have non-observable income, would you like an option that uses information declared during the year to calculate payments?
- What factors should the Government take into account when setting the period of assessment?
- How quickly should payments change in response to income changes? What is the appropriate period to consider past income information? For example, daily, each pay period, four-weekly, monthly, quarterly, annually? Why do you prefer that period of time?
- Would you like it if you didn’t have to tell Inland Revenue about changes in employment income or interest and dividends, and Inland Revenue adjusted payments automatically as information is received from employers, banks or companies?
- For Working for Families, do you see value in moving away from estimating annual income and towards using recent actual income information as described above?