Perhaps the following realisation is looming.......
The cost of childcare will rise again in 2017, by about five percent, and keep rising over the next four years, according to the Commonwealth Department of Education. Centrelink’s rebate repays 50 percent of your out-of-pocket child care costs, and isn’t income tested, but has been capped at $7,500 per family per year since 2009.
The government wants to combine Centrelink’s child care rebate and child care benefit and scrap the rebate cap for most families but says this change must be paid for by more big cuts to family benefits for low income families, which are opposed by the Labor opposition. While the politicians argue through this impasse, you’ll need some good luck finding and paying for childcare in 2017
GEM Price at posting:
$3.44 Sentiment: None Disclosure: Not Held
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