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Have Your Say: How Will the Axing of the School Kid Bonus Affect Your Family?

Federal Government Axes School Kid Bonus

More than 1.5 million Australian families will receive their last school kid bonus this year, after the Federal Government axed the payment.

How will your family 'adjust to the changes?'  Image source: Department os Social Services website
How will your family ‘adjust to the change?’ Image source: Department of Social Services website

 

The School kid bonus was originally brought into effect to help eligible families and students with the education related costs of Primary and Secondary school studies, such as school fees, uniforms, books, sports, music and other lessons.

Parents of primary school children could expect to receive up to $422 per annum (paid in two instalments of $211, one in January and one in July.  Two payments of $421 were paid to parents of secondary school aged children.

The last school kid bonus payments will be made to eligible families in July 2016.

According to the Herald Sun this means that a typical Australian family with two children can expect to lose up to $15,000 over the course of their children’s schooling.

It is reported that the axed bonus (which was originally to be funded by the Gillard Government mining tax) will save the budget $5.2 billion over 4 years.

What impact will the cuts have on real Australian families?

We’d love to hear what you have to say about the axed school kid bonus. How will the cut really affect your family?

Jolene

Jolene

Jolene enjoys writing, sharing and connecting with other like-minded women online – it also gives her the perfect excuse to ignore Mount-Washmore until it threatens to bury her family in an avalanche of Skylander T-shirts and Frozen Pyjama pants. (No one ever knows where the matching top is!) Likes: Reading, cooking, sketching, dancing (preferably with a Sav Blanc in one hand), social media, and sitting down on a toilet seat that one of her children hasn’t dripped, splashed or sprayed on. Dislikes: Writing pretentious crap about herself in online bio’s and refereeing arguments amongst her offspring.

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