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Income Tax Act 2007

Tax credits paid in cash - Abating WFF tax credits

MD 14: Person receiving protected family tax credit

You could also call this:

“Eligibility rules for protected family tax credit based on benefit status and income”

You can receive protected family tax credit for a calendar month if you meet certain conditions. If you don’t have a partner, you need to be getting a main benefit and your family income must be less than a set amount. This amount is listed in section MD 13(3)(a)(i).

If you do have a partner, you both need to be getting a main benefit. The total family income for you and your partner must be less than another set amount. This amount is listed in section MD 13(3)(a)(ii).

When working out your family income, Section MB 2 is used to adjust the amount. This helps to work out what your income would be over a whole year, even if you’re only looking at part of a year.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1518559.

Topics:
Money and consumer rights > Taxes
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MD 13: Calculation of family credit abatement, or

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MD 15: Family scheme income for purposes of section MD 14, or

“How to calculate family income for the Best Start tax credit”

Part M Tax credits paid in cash
Abating WFF tax credits

MD 14Person receiving protected family tax credit

  1. For the purposes of section MD 13(3)(b), a person who receives protected family tax credit for a calendar month in an entitlement period, is a person who, in the calendar month,—

  2. has no spouse, civil union partner, or de facto partner, receives a main benefit, and derives family scheme income that is less than the amount set out in section MD 13(3)(a)(i):
    1. has a spouse, civil union partner, or de facto partner, receives a main benefit, and derives family scheme income that together with the family scheme income of their spouse is less in total than the amount set out in section MD 13(3)(a)(ii).

      1. Section MB 2 (Adjustment for period that is less or more than 1 year) applies to adjust the amount of family scheme income to provide an annualised equivalent.

      Compare
      Notes
      • Section MD 14 heading: amended, on , by section 477(1) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
      • Section MD 14(1): amended, on , by section 477(2) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
      • Section MD 14(1)(a): amended, on , by section 141 of the Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Act 2021 (2021 No 8).
      • Section MD 14(1)(b): amended, on , by section 141 of the Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Act 2021 (2021 No 8).
      • Section MD 14 list of defined terms income-tested benefit: repealed, on , by section 141 of the Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Act 2021 (2021 No 8).
      • Section MD 14 list of defined terms main benefit: inserted, on , by section 141 of the Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Act 2021 (2021 No 8).
      • Section MD 14 list of defined terms protected family support: repealed, on , by section 477(3)(b) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
      • Section MD 14 list of defined terms protected family tax credit: inserted, on , by section 477(3)(a) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).