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Family Allowances Clarified by Minister Claxton
The Department of Finance outlined methods to avoid double benefits from Income Tax credits and Family Allowances. Brooke Claxton said the act aims to level opportunities for children in low income families, with full benefits for those under 16 earning 1200 or less, partial for 1200 to 3000, and none above 3000. Examples show a 1500 annual family receiving 21 monthly and net $113.40 by year end. a 2100 income family would retain full credits and half of the allowance.
MENTIONED IN THIS ARTICLE
Department of Finance
Brooke Claxton
National Health and Welfare
Claxton
Evryone
Finance Department
Ment