Regulatory impact assessment
Published 16 February 2021

Increasing main benefit abatement thresholds on 1 April 2021 and consequential adjustments to the Minimum Family Tax Credit

Regulatory impact assessment prepared by the Ministry of Social Development and Inland Revenue for increasing the minimum family tax credit (MFTC) threshold for the 2021–22 and later tax years from $29,432 to $30,576 per annum.

The proposals were included in the Taxation (COVID-19 Resurgence Support Payments and Other Matters) Bill that was introduced to Parliament on 16 February 2021.