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Working families that have children may be entitled to the Parental Tax Credit or paid parental leave. An employee or self-employed person may access one, but not both, of these entitlements.
The Parental Tax Credit is a family assistance payment administered by Inland Revenue. The number of children in a family, and the family’s level of income are used to calculate whether the family is entitled to the payment, and the level of the payment.
In most cases, families will receive a higher level of payment if they apply for paid parental leave. However, Parental Tax Credit payments may be higher where a family:
- Is on a low income
- Is expecting the birth of, or intends to adopt, more than one child
- Wishes to take only a short period of parental leave.
You can only access one of the payments and you need to decide which is best for you. Inland Revenue can provide you with advice on whether Paid Parental Leave or the Parental Tax Credit would be best for you, by phoning 0800 377 777.
More information about Parental Tax Credit and other Family Assistance payments can be found on www.ird.govt.nz or phone Inland Revenue on 0800 227 773.
This page was last updated on:
10-Aug-2007
and is current.
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