Abolition of the One Parent Family Tax Credit
One Family is extremely concerned by the Budget 2014 announcement of the replacement of the One Parent Family Tax Credit with a Single Person Child Carer Tax Credit as it causes a significant number of problems and possibly unintended outcomes.
The financial impact of abolition of the One Parent Tax Credit for the non-resident parent, as verified by Revenue, is:
Annual wage | Difference in tax take per week |
€13,500 (minimum wage x 30 hours) | No change |
€20,000 | €13 |
€30,000 | €10 |
€40,000 | €48 |
€60,000 | €47 |
The Revenue Commissioners estimates that for 2013, 76,800 income earners utilise some or all of the One-Parent Family Tax Credit. The gender breakdown is estimated as follows:
Female 51,224
Male 25,573
Total: 76,797
One Family has written to all Ministers, TDs and Senators to voice these concerns and urges everyone to write to their Representatives as soon as possible to do the same.
A proforma letter with suggested text that individuals can change as required is available to download here: One Parent Family Tax Credit_Letter to Representatives
A list of TDs and Senators including their contact details is available here.
One Family representatives have also participated in a number of press, radio and television interviews on the issue. You can read the press releases issued by One Family below:
17.10.2013 | Attack on Parents Sharing Parenting After Separation is Unjust, Unfair and Underhand
15.10.2013 | Budget 2014 is Anti-family and Anti-parent