tag:blogger.com,1999:blog-19962237.post2229885014958301352..comments2024-03-04T16:39:30.609+13:00Comments on Lindsay Mitchell: Are beneficiary incomes too low?Lindsay Mitchellhttp://www.blogger.com/profile/04437693272797130833noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-19962237.post-64976521573582033382020-11-09T10:34:13.246+13:002020-11-09T10:34:13.246+13:00So $964 a week is $50,128 per year. With no tax to...So $964 a week is $50,128 per year. With no tax to pay I think.<br /><br />On the IRD website the tax calculator shows you need an annual wage of $61,641 to match that payment. That is an hourly rate of $31.60.<br /><br />If you are on $61k with 2 kids it looks like you receive an additional $9500 in WFFTC.<br /><br />Not sure how many beneficaries have student loans, but it looks like they do not have to repay, where as my daughter has to pay her student loan. <br /><br />I know my daugher and son-in-law do not claim the WFFTC as their work hours vary so much that they do not want to risk over claiming. <br /><br />workingmannoreply@blogger.com