Working for Families Tax Credits - notice of entitlement
On the front page of the "Notice of entitlement" you will find the following details:
- our phone number and times that you can contact us
- the tax year that it relates to eg 01/04/08 to 31/03/09
- an explanation of how much weekly Working for Families Tax credits you will receive up until 31 March 2009
- what details you need to check to ensure we have got these details correct
- what to do if we have got these details wrong
- the bank account we will be crediting the money into
- the family income details
- the name and the age of the child or children that you will be receiving the credits for.
On the second page of the "Notice of entitlement" you will find the breakdown of the details that we used to work out your entitlement. These will include the income we estimate you and your spouse will earn - this is called "Estimated family income". This income is broken down into the following sources:
- salary and wages, withholding tax, bonuses, overtime, redundancies, government work schemes and taxable allowances
- self-employed income, business, partnership, overseas, shareholders - employee salary and Maori authority
- child support received both through us and through private arrangements
- any interest, dividends, rent, royalties, estate and trust income
- income-tested benefit, NZ Super, Veteran's Pension or student allowance
- accident compensation.
These details are then totalled and any child support you pay to someone else (either privately or through us) will be deducted. This figure then makes the "Total family income".
From this we will break down your entitlement into:
- family tax credit
- child tax credit
- in-work tax credit
- parental tax credit
- minimum family tax credit
giving you a total weekly amount for each of these payment types and your overall total weekly payment.
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