Approved Appropriated Spending Made through the Tax System
Child tax credit
Section MZ 2 of the Income Tax Act 2007
Families with a pre-existing entitlement dating from before 31 March 2006 are able to claim a tax credit for dependent children. Additional access to this tax credit is no longer available.
Family tax credits
Section MD 3 of the Income Tax Act 2007
Families are entitled to an income tested tax credit or cash payment for children aged 18 years or younger.
In-work tax credits
Section MD 10 of the Income Tax Act 2007
Families with children 18 years or younger that work the required number of hours per week are entitled to a means-tested in-work tax credit.
KiwiSaver tax credits
Section MK 1-16 of the Income Tax Act 2007
The savings and contributions of participants in the KiwiSaver scheme are entitled to a series of tax credits.
Parental tax credits
Section MD 12 of the Income Tax Act 2007
A tax credit may, under certain conditions, be paid to families with a newborn baby for the first 56 days (eight weeks) after the baby is born.
Minimum family tax credit
Section ME 1 of the Income Tax Act 2007
A tax credit may be available to ensure that the annual income (after tax) of a family with dependent children 18 or younger does not fall below $20,800.
