Working for Families is a package designed to help make it easier for parents to work and raise a family.
Working for Families Tax Credits are made up of four types of payments - family tax credit, in-work tax credit, minimum family tax credit and parental tax credit. You may qualify for one or more, depending on your personal situation.
The income limits to qualify are surprisingly high e.g. with two children, you can earn over $75,000 yet qualify for three of the four types of payment.
The rules for calculating your income if you have a business or rental properties are complex - are you confident you are receiving all you are entitled to? At the Accountancy + Business Advice Centre we deal with Working for Families Tax Credits on a regular basis and we ensure our clients receive their full entitlement.