3,900 families and an average of 6,440 children will start benefiting from new incentive rates related to the In-Work Benefit. These families will also enjoy an additional payment of €250 as from July’s next payment.
Minister for the Family, Children’s Rights and Social Solidarity Michael Falzon revealed this at a press conference on Friday morning, which focused primarily on the social measures announced earlier this week during the launch of the Economic Regeneration Plan.
Minister Michael Falzon explained that the In-Work Benefit measure was introduced in 2013, and is aimed to encourage more people to enter the workforce. Couples who both work, single parents and couples where only one parent works will all enjoy an increase in this benefit. Additionally, the next payment in July, which covers from April till June, will also have an additional €250, as announced earlier this week.
New increased rates would then be applied as from next November, along with the extra €250 given. The payment in November covers from July till September.
The New Rates are as follows:
Couple where both parents work
Maximum income has increased from €24,000 to €26,000 per year. The highest applicable rate increased from €1,300 to €1,400 for every new-born.
Rates have also increased €100 per year for those with an income not bigger than €18,111.
€50 per year for those that have income ranging from €18,112 to €22,811.
€30 per year for those that have income ranging from €22,812 to €26,000.
Couple where only one person works
Maximum income has increased from €17,813 to €22,000 per year.
The maximum increased rate applicable increased from €550 to €630 for every new born. Rates increased by €80 per year.
Minister for the Family, Children’s Rights and Social Solidarity Michael Falzon addresses a press conferenceMaximum income increased from €17,312 to €18,200 per year.
Maximum applicable rate increased from €1,350 for every new born to €1,400.
Rates increased by €50 per year.
Additionally, the Child Bonus was applied and given during the pandemic period, in which 4,000 couples have already benefited from this bonus, which amounts to €300 for every new born or adopted child.
Minister Falzon also mentioned family-friendly measures, such as that of the €100 voucher for every person older than 16 years old, tax refunds, additional payments to elderly homes, couples who had to change their wedding dates, as well as measures related to the buying of property.
Minister Michael Falzon concluded that the family remains a crucial aspect of our society and thus requires all the necessary inputs and incentives to strengthen the whole family structure. He reiterated his commitment to keep promoting social justice, especially among vulnerable people.