Join the In-Work Tax Credit ($72.50 from 1 April 2016) to the Family Tax Credit for the child payment, thereby removing all paid work hours requirements.
Reset the abatement rate from 22.5% to 20% and freeze it. This would reduce the amount of Working for Families that is lost when somebody has additional income, e.g. through a pay rise. Under current policy, this rate is set to INCREASE to 25%.
Restore full annual indexation of Working for Families threshold from 2005 (which would be $45,000 in 2016).
Index annually all aspects of Working for Families tax credits to wages.
Abolish the Parental Tax Credit and add $100 per week to the newborn’s Family Tax Credit for one year if Paid Parental Leave is not taken.
Abolish the Minimum Family Tax Credit and liberalise the treatment of extra earned income for parents on a part benefit.
