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Income Tax Act 2007

Tax credits paid in cash - Best Start tax credit

MG 4: Person receiving protected Best Start tax credit

You could also call this:

“Who can get a protected Best Start tax credit”

You can receive a protected Best Start tax credit for a calendar month if you meet certain conditions. If you don’t have a partner and you get a main benefit, your family income must be less than a specific amount set in section MG 3(2)(a)(i). If you have a partner and you get a main benefit, your combined family income must be less than the amount set in section MG 3(2)(a)(ii).

When figuring 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=LMS63790.

Topics:
Money and consumer rights > Taxes
Money and consumer rights > Savings and retirement
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Part M Tax credits paid in cash
Best Start tax credit

MG 4Person receiving protected Best Start tax credit

  1. For the purposes of section MG 3(2)(b)(ii), a person who receives protected Best Start 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 MG 3(2)(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, civil union partner, or de facto partner is less than the amount set out in section MG 3(2)(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.

      Notes
      • Section MG 4: inserted, on , by section 22 of the Families Package (Income Tax and Benefits) Act 2017 (2017 No 51).
      • Section MG 4(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 MG 4(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 MG 4 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 MG 4 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).