Introducing means testing for child benefit will help government save £2.5 million a year.
The Department of Social Care will ask Tynwald to approve its plans saying the proposals are long overdue.
The department currently spends £16.5 million on child benefit each year – giving money to around 9,500 families.
The changes would see the benefit stopped completely for the 10 per cent of families who earn more than £90,000.
Minister Chris Robertshaw says it will be a fairer system:
Petrol station to close during takeover
A filling station in Castletown says it'll close next week - and reopen under new management before TT.
Chief Minister's heckler explains behaviour in online video
A woman who claims she was the heckler thrown out of the House of Keys last week has expressed her frustration on social media.
Buchan School could become 85 homes under new plans
A former school in Castletown could become a new 85-home housing estate under a new planning application.
Flood defence plans scrapped after five planning objections
Infrastructure Minister Tim Crookall says his department changed its mind about flood defences for Ramsey after five comments on a planning application.
TT food van needed for trackside car park
The Department of Infrastructure says it's looking for someone to feed hungry TT fans during this year's festival.
Northern roadworks to hinge on Mountain Road reopening
The Department of Infrastructure says it won't close two parts of the TT course outside Ramsey at the same time.
Beer festival to return this week
One of the Island's most popular events gets underway this weekend.
Dublin to sign friendship agreement with Douglas in summer
Douglas Council says it's ready to sign a friendship and co-operation agreement with Dublin.
