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:
12-seater ferry to Cumbria coming soon?
A new "minibus" ferry could soon be running from Cumbria to the Isle of Man.
Lifeboat launched to help fishing boat
Port St Mary's lifeboat crew was called to help a fishing boat earlier.
Smartmeter alert problem now fixed, says Manx Utilities
Manx Utilities says it's now solved problems that sent users false alerts about their smartmeter balance.
Merchant Navy Day marked this week
Merchant Navy Day will be marked on Island with a remembrance service for those who lost their lives at sea.
Filipino festival planned for Laxey
A huge celebration of the Island's Filipino community will take place in Laxey later this year.
Glen Maye requisition meeting scheduled
A requisition meeting will be held in Glen Maye next month.
Political satire is coming to the Gaiety Theatre in Douglas next week, just in time to poke fun at the general election.
Viking longboat races today
Viking races will finally get underway in Peel today - after a six-week delay.
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