TAK­ING THE PUZ­ZLE OUT OF CHILD­CARE

Style Magazine - - Education -

Aus­tralian fam­i­lies are fac­ing an ed­u­ca­tion blowout with day­care ex­penses tak­ing a hefty chunk out of the weekly house­hold bud­get.

Cur­rent re­search in­di­cates pay­ing more than $100 per day is stan­dard across the coun­try – with that fig­ure rock­et­ing past the $150 mark in the larger cities.

And there doesn’t ap­pear to be any re­lief in sight, with Trea­surer Scott Mor­ri­son an­nounc­ing in the May bud­get that any child­care fee re­lief (for low and mid­dle-in­come earn­ers) would be de­layed un­til next year.

It can be pretty daunt­ing for par­ents of young chil­dren who are look­ing to re-en­ter the work­force. So, how does it all work?

Child Care Ben­e­fit: The Child Care Ben­e­fit is an in­come-tested pay­ment that re­duces the cost of your to­tal child­care fees.

It is avail­able to you if you are a par­ent, fos­ter par­ent or grand­par­ent with a child in your care who is at­tend­ing child­care ap­proved for the pur­poses of CCB by, or reg­is­tered with, the gov­ern­ment.

There are cer­tain el­i­gi­bil­ity re­quire­ments you must meet to get CCB. Child Care Re­bate: Once you are el­i­gi­ble for CCB, you may be el­i­gi­ble to also re­ceive ad­di­tional as­sis­tance through the Child Care Re­bate.

The CCR cov­ers 50% of your out-of-pocket costs up to the an­nual limit, re­gard­less of your in­come. Cur­rently, the CCR an­nual limit is $7500 per child per year. Be aware: The child­care sys­tem is chang­ing from July 2018. As part of the changes, Child Care Ben­e­fit; Child Care Re­bate; Jobs, Ed­u­ca­tion and Train­ing Child Care Fee As­sis­tance; Grand­par­ent Child Care Ben­e­fit; and the Spe­cial Child Care Ben­e­fit will cease at mid­night on July 1, 2018. For more in­for­ma­tion about the new child­care fee as­sis­tance pro­grams go to www.ed­u­ca­tion.gov.au.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.