Announcements
PUBLISHED 24 October 2012

Minimum family tax credit to rise

The annual amount of the minimum family tax credit that guarantees a family’s after-tax income will rise from $22,568 to $22,724 from 1 April 2013. For more information see the media statement.


Hon Peter Dunne
Minister of Revenue

24 October 2012

Media statement

Dunne: minimum family tax credit to rise next year

Low-income working families who are eligible for the minimum family tax credit will receive a small increase from 1 April next year, Revenue Minister Peter Dunne announced today.

“The tax credit currently provides recipients an after-tax income of $22,568 a year. This will increase to $22,724 a year from 1 April 2013,” Mr Dunne said.

The minimum family tax credit provides a guaranteed minimum family income to families who are in work and helps support them in moving off a benefit and into paid employment.

The increase, which takes into account rises in inflation, was approved by Order in Council this week.

Ends

Mark Stewart | Press Secretary | Office of Hon Peter Dunne
Cell +64 21 243 6985