Kerryn Boogaard Kerryn Boogaard
Beverly Goldsmith Beverly Goldsmith
Zoe Bingley-Pullin Zoe Bingley-Pullin

Federal Budget 2012 offers welfare cash splash for families:

Families feeling the pinch from the cost of living will receive some extra pocket money from the federal budget.
By AAP
Date: May 08 2012
Editor Rating:
family-21-300x200

Treasurer Wayne Swan has announced the government will spread the benefits of the mining boom with a boost to the Family Tax Benefit Part A from July next year.

"We understand the pressures Australians face paying for electricity, housing, groceries, petrol or even a simple family outing," Mr Swan said.

An estimated 1.1 million families receiving the maximum amount will receive a windfall of $600 if they have two or more children and $300 if they have one child.

The 460,000 families receiving the base rate will pocket an extra $200 a year for two or more children and $100 for a single child.

The Schoolkids bonus will be a paperwork free payment that will give 1.3 million families assistance with education costs.

Families will receive $410 for primary school kids and $820 for high school students.

The bonus replaces the education tax refund that required families to collect receipts.

Charity groups had hoped the government would increase the Newstart Allowance by $50 a week to help jobseekers struggling under the poverty line.

The Gillard government rejected those calls because revenue is tight but welfare recipients will benefit from a new Supplementary Allowance.

The allowance will help people on Youth Allowance, Newstart and Parenting Payments with the cost of essential bills.

Singles will receive $210 a year and couples $350 in two instalments.

The first payment is March next year.

People who lose their jobs will also be able to access welfare payments faster with a doubling of the liquid asset test amount to $5000 for singles and $10,000 for families.

This means fewer people will have to run down their savings to become eligible for payments.

The government has reaffirmed its decision to make cuts to parenting payments to save $700 million.

Parents will be transition to Newstart Allowance and will stop receiving the payment when their youngest child turns six or if they are a single parent when their youngest turns eight.

What do you think of the federal budget?

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2 Total Comments
Maureen says: 2012 05 15
Rating:

Welfare for WORKING FAMILIES[WHAT].Welfare was for Pensioners and people on Low incomes.Who may I add got NO rise at all.Working families have money there incomes they should NOT be classed for a Welfare supplement,unless the family is finding things hard and may need support.Handing kids $800.00 who dont pay rent/light/ gas ect,who may I remind you there parents do,is a joke.But why are no pensioners laughing.JULIAR is looking for your vote Working Families,shes not interested in people who really do need it. SHAME,SHAME.SHAME

 

 

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