The Australian Government is helping you with the costs of educating your kids.
The Australian Government announced in the 2012 Budget that the Education Tax Refund (ETR) would be replaced by a new payment called the School kids Bonus.
This new cash payment will help families with the costs of education.
Starting from 1 January 2013, this new payment will help 1.3 million Australian families with children at school pay for expenses such as uniforms, books, school excursions, stationery and other costs like music lessons and sports registration fees.
Eligible families will be paid the bonus automatically in January and July.
Each year, families will receive:
- $410 for each child in primary school (two installments of $205) and
- $820 for each child in high school (two installments of $410).
What does this mean for me?
As part of the transition to the new School kids Bonus, the ETR for 2011-12 will be paid as a lump sum in June 2012.
All eligible families will receive the maximum ETR entitlement for 2011-12, without having to claim through their tax return.
Eligible families will automatically receive the payments into their bank account of:
- $409 for each child in primary school
- $818 for each child in secondary study.
If you do not receive a one-off payment in June, you can contact Centre link to check whether you may be entitled to a payment for the 2011-12 financial year.
For more information about the School kids Bonus go to fahcsia.gov.au
You can still make a claim for the ETR for 2010-11 and earlier years if you are eligible. Read below for more information.
The Education Tax Refund provides up to 50% back on a range of children's education expenses.