Inland Revenue provides financial assistance for families so
parents can focus on the more rewarding aspects of family life.
Family Assistance is financial assistance for working families with children
up to the age of 18 who live at home and are not financially independent.
There are four parts to Family Assistance, and depending on your
circumstances you may be entitled to more than one kind.
Parental Tax Credit is a payment you get when you or your partner has a baby
Family Support is ongoing support for working families
Child Tax Credit is a payment of up to $15 a week for each of your children 18 years or younger living with you
Family Tax Credit is for families with one or more children to top up what you earn to make sure your family gets at least $286 a week (after tax).
The Parental Tax Credit is another little bundle for new parents to help them through
the first few weeks after their child is born.
It’s a special one-off payment and depending on what you earn and the number
of days your baby is in your care during its first eight weeks, parents could
get up to $1,200.
Payments can be made in either four fortnightly payments or as a lump sum
at the end of the tax year.
The Parental Tax Credit is different from Paid Parental Leave, and parents
cannot receive both payments for the same child.
If you would like more information about the Parental Tax Credit call
Inland Revenue on 0800 277 773 between 8 am and 8 pm weekdays or
9 am to 1 pm on Saturdays, or visit our website at www.ird.govt.nz
