QuoteReplyTopic: Parental tax credit Posted: 18 July 2008 at 11:47am
What's the deal with this? Just found this info on the IRD website and I'd never heard of it before. Anyone know how it works, what the income cut-off is etc etc?
it is what you get if you dont get the paid maternity leave... so you get 150 a week for 8 weeks.. and we got some WFF as well... not sure if there is an income cut-off...? you can choose how to get it..we got it weekly...you can get it fortnightly or at the end of the tax year.. if you didnt get paid maternity leave and haven't claimed you should be eligible
you can go on either /or but they advice you on which one your going to get the most money out off.....they spent an hour on the phone with me working everything out...every case is different
Yeah there is an income cut off, someone gave me some good links about this I will go and see if I can find them. Its kind of a sliding scale so if you are over the threshold you might still be entitled to some of the parental tax credit but not all of it.
As well as that page click on the payment table as well and that tells you exactly what you get for your income, its dependant on number of kids and has the fortnightly payments for the higher income as well.
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Parental tax credit
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