Bonus changes

Isis Town and Country - - News -

CHANGES to the Fed­eral Gov­ern­ment’s Schoolkids Bonus came into ef­fect on Jan­uary 1, mean­ing the pay­ment is now means-tested. The Schoolkids Bonus will be paid au­to­mat­i­cally from Jan­uary 5–19 to el­i­gi­ble fam­i­lies and stu­dents. This year, fam­i­lies will get the bonus only if they have an ad­justed tax­able in­come of $100,000 or less. Those el­i­gi­ble will re­ceive an in­stal­ment of up to $211 for each pri­mary stu­dent and $421 for each child sec­ondary stu­dent. Leg­is­la­tion has been passed to phase out the pay­ments, mean­ing the bonus will only con­tinue un­til the end 2016.

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