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Talking Politics with |
The National-led Government has announced our next step to ease the cost of living for Kiwi families.
From July 1, our FamilyBoost policy will ensure eligible families can receive up to $75 per week to help with early childhood education expenses.
This is $3900 a year and will make a real difference to Kiwi families.
It’s tough right now for so many families – whether they’re filling up the trolley or the car, or paying the mortgage or rent.
Help with childcare costs will go a long way to easing the pressure on families’ back pockets.
All families earning up to $180,000 with early childhood education costs are eligible, with a sliding scale for those earning more than $140,000 to ensure that aid is directed to families in the most financial need.
Families can submit their ECE invoices in the myIR site every quarter, beginning on July 1, 2024.
The first batch of refunds will be issued in October 2024, and quarterly from there with a maximum possible return of $975.
FamilyBoost fulfils a campaign promise and is an important piece of the Government’s overall tax plan, aimed to provide direct cost-of-living support for families.
We’re also going to provide tax relief through our first Budget in May, to let you keep more of your own hard-earned money.
This Government is focused on rebuilding our economy so we can ease the cost of living for all New Zealanders and FamilyBoost is a key part of that approach.
