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:
Colby Glen path shut until next April
A popular footpath in the south of the Island will remain closed until next April.
If you Trick Or Treat, don't trouble the street!
If you're going trick or treating this Hop-tu-Naa, police are warning you not to get carried away.
German newspaper says hello from the Island - and Queen Victoria
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Don't buy electric cars, says Manx salvage firm
A salvage company from the south of the Island has told people not to buy electric vehicles.
Aurora-watchers could be in for Friday treat!
Could the Isle of Man get a celestial lightshow to kick off the weekend?
Peel's pulsing UFO has people perplexed
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Peel MHK raises future of former care home
The future of a former care home in Peel will be raised by one of the town's MHKs.
Netflix film about Patrick's greatest boxer out in November
One of the Island's most famous residents will be starring in his own Netflix documentary next month.
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