Government Announces Changes in IWTC

  • Jul 16, 2020 NZST
  • Team Kalkine
Government Announces Changes in IWTC

Some changes have been implemented in the IWTC (in-work tax credit), that eliminates the necessity for working families to work a minimum number of hours.

From 1 July, the IWTC is accessible to qualified families who are:

  • Not getting an income-tested grant or student allowance, and
  • Have a little income from paid work each week.

The IWTC is a payment of about $72.50 per week or $3,770 per year to employed families for the first 3 children and up to $15 extra a week for each additional child.

 


Disclaimer
The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above article is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.

 

   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK