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Discuss The Similarities Between Australia And New Zealand

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weekly). However, whichever one of you has the higher income, will have to pay more Income Tax to repay the portion of Child Benefit you’re no longer entitled to.” (Money Advice Service)
Comparison
All 3 countries, Australia, New Zealand and the United Kingdom offer different variations of the same tax credit that helps families with children afford their needs. In comparison New Zealand, Australia has very similar requirements that make people eligible for this tax credit. Australia is the country with the least variations of family tax credit offered to caregivers. In New Zealand a parent can receive working for families’ tax credit even while they are on parental leave. However, in Australia, FTB part is not available when caregiver is on paid parental leave but part A is still available.
While Australia and New Zealand have a certain proportion of hours for which the care giver must look after the child, in UK the credit is available if the child generally live with the caregiver. This applies for both part A and B in Australia. All 3 countries have some sort of tax credit available for parents with new-born babies. Another similarity is that all though family credit is available for children under 18 years of age, all 3 countries do offer a tax credit for families with …show more content…

However, the New Zealand, if a new born baby dies, the parent can still receive the new born benefit. If the new born is adopted by other parents, the birth mother and adopted caregiver split this benefit. This policy does not apply to Australia and UK .An interesting different between the WFF in New Zealand and UK tax credits is that CTC and WTC are paid when the recipients, in a single parent or double parent, family receive social security payments. This is much different to the requirement under WFF, which states that the recipients must be off income tested

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