Simplifying the maze of government benefits paid into the childcare system is of high importance.
One of the options gaining momentum is the possibility of parents, who employ nannies, registering as employers. If the employment of a nanny is necessary for that parent to return to work, the payment to the nanny becomes tax deductable for that parent. This is a very real possibility.
Excellent discussion on Richo & Jones last night with valuable input from barrister Louise McBride regarding entitlements for employing a nanny. The program should be uploaded later this morning www.skynews.com.au/programs/Richo-Jones.
The nanny option is becoming a reality and if childcare providers fail to become more flexible and listen to the needs of the families in their community parents will seek alternative care.
GEM Price at posting:
$3.70 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)