Submission on Working for Families Review

  • May 23, 2022

  • Written by: FinCap

  • 1 min read

  • 115 words

Working for Families Tax Credits (WfFTC) need to truly work for whānau in Aotearoa.

No tamariki should have to go without essentials because of inconsistent and confusing support systems and rules.

In Aotearoa, 16.3 per cent1 of children are living in material hardship. A fit-for-purpose Working for Families scheme is crucial for lowering this number and increasing the prosperity of whānau.

We strongly encourage the Government to address and improve the causes of overpayment debt, by providing a direct phone line for financial mentors, improving abatement threshold systems, and providing grace periods.

We also recommend that the Family Tax Credit be increased, following the advice of the Welfare Expert Advisory Group (WEAG) in 2018.

Submission

Recent Posts

Submission on new regime for the conduct of financial institutions

FinCap’s work often involves approaching financial institutions to raise and address issues around unfair conduct... more

Calculating the risk of co-signing a loan

more

Submission on financial dispute resolution scheme rules

more