https://www.ohbaby.co.nz/forum/ Copyright (c) 2006-2013 Web Wiz Forums - All Rights Reserved. Sun, 05 Apr 2026 00:35:50 +0000 Wed, 03 Sep 2008 19:37:49 +0000 http://blogs.law.harvard.edu/tech/rss Web Wiz Forums 12.05 360 https://www.ohbaby.co.nz/forum/RSS_post_feed.asp?TID=20624 https://www.ohbaby.co.nz/forum/forum_images/web_wiz_forums.png https://www.ohbaby.co.nz/forum/ https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20624&PID=482442&title=difference-in-allowances-from-wff#482442 Author: busymum
Subject: 20624
Posted: 03 September 2008 at 7:37pm

family tax credit - this is the standard tax credit that used to be called Family Support. It's available to everyone whose income is below the threshold (which varies depending on how many kids you have)

in-work tax credit - an extra top-up which is only available to families [who are eligible for family tax credit] who work 30+ hours per week. Generally speaking it is not available for beneficiaries.

minimum family tax credit - don't even look at this, it's for if your family earns less than $20K (or something like that) in a year.

parental tax credit - an alternative to maternity leave payments when your baby is born. Maternity leave is generally always better $$ but the PTC is available to people [who are not beneficiaries but] who are not eligible for maternity leave - such as if you are on a fixed term employment contract.


Our family situation is such that we have three kids at home with my DH as SAHD while I work. We get a tidy sum from IRD each week (family tax credit and in-work payment) and we are also eligible for accomodation supplement from WINZ (which is based on your income and your house expenses etc rates, insurance and mortgage/rent and an online calculator is here.

Our mortgage is probably of medium size for anywhere except Auckland; we have a pretty sunny house so that keeps our power bill down (to an extent); we run two vehicles; we operate on a strictly cash-only basis so that debts don't get ahead of us, and we make sure that we put some $ into our savings account every payday so we have something to fall back on.

Umm it's hard to know how to answer but if you want anything else, go ahead and PM me ]]> Wed, 03 Sep 2008 19:37:49 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20624&PID=482442&title=difference-in-allowances-from-wff#482442 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20624&PID=482232&title=difference-in-allowances-from-wff#482232 Author: emz
Subject: 20624
Posted: 03 September 2008 at 3:24pm

We will be better off with 2 kids as well, I work part time to cover our food and power, otherwise we would be broke. It can be done, you just need to be very crafty with where your money is best spent. If you have credit cards, it may pay to get them consolidated into your mortgage etc.

If you really want one of you to stay at home, could you sell your house and get a smaller one? We opted for a cheaper house so we could do that (still pay $1000 a fortnight though).]]> Wed, 03 Sep 2008 15:24:59 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20624&PID=482232&title=difference-in-allowances-from-wff#482232 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20624&PID=481885&title=difference-in-allowances-from-wff#481885 Author: kebakat
Subject: 20624
Posted: 03 September 2008 at 9:36am

The mortgage thing is a good one to look at. Before Daniel we had a 25yr mortgage and were paying $200 over the minimum repayment. We pushed our mortgage out to be a 30yr one and dropped down to the minimum payment allowing us an extra $300 a month. Once I'm back at work we will increase our payments but we don't care if we have a mortgage for a bit longer]]> Wed, 03 Sep 2008 09:36:03 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20624&PID=481885&title=difference-in-allowances-from-wff#481885 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20624&PID=481854&title=difference-in-allowances-from-wff#481854 Author: Nefertiti
Subject: 20624
Posted: 03 September 2008 at 9:07am

Here is a link which explains what each of those are:

I was going to explain myself, but probably better you just read this:

IRD payments]]> Wed, 03 Sep 2008 09:07:12 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20624&PID=481854&title=difference-in-allowances-from-wff#481854 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20624&PID=481841&title=difference-in-allowances-from-wff#481841 Author: CuriousG
Subject: 20624
Posted: 03 September 2008 at 8:57am

No, she won't be in daycare, Josh will be home with her. I am not sure about minimum mortgage stuff, I guess I will have to find out.

That amount is with no luxuries except having Telstra and Josh having a cellphone (mine is paid for by work).   I just don't get it! I might have to talk to someone about what we are actually entitled to. It seems crazy.]]> Wed, 03 Sep 2008 08:57:26 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20624&PID=481841&title=difference-in-allowances-from-wff#481841 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20624&PID=481831&title=difference-in-allowances-from-wff#481831 Author: kebakat
Subject: 20624
Posted: 03 September 2008 at 8:52am

I don't get the difference either. I just go by what the caluclator says we will get.

But we end up better off with 2 kids. But that is quite a lot to be short by every month! With your mortgage is that paying more than the minimum repayment? Cause that's what we are doing until I go back to work. Also when you have #2, does Charlotte need to be in daycare? Cause that's a big cost you could reduce/get rid of.]]> Wed, 03 Sep 2008 08:52:19 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20624&PID=481831&title=difference-in-allowances-from-wff#481831 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20624&PID=481815&title=difference-in-allowances-from-wff#481815 Author: CuriousG
Subject: 20624
Posted: 03 September 2008 at 8:32am

Can someone explain to me what is the difference between:

family tax credit
in-work tax credit
minimum family tax credit
parental tax credit

Do you get only 1 or do you get them all? I am finding the working for families website really really hard to understand!

My other question - how do people actually survive with more than one child and one parent at home with them and paying a mortgage? I just did our budget and am freaking out because despite being really strict and counting everything I need to, we are going to be short each month by about $500!!!!]]> Wed, 03 Sep 2008 08:32:50 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20624&PID=481815&title=difference-in-allowances-from-wff#481815