NSW kids eligible for $49,000 nest egg under Liberal policy explained

Here is what we know about the policy promising children thousands of dollars to start adulthood with.NSW children under the age of 10 would be given a fund for parents, carers and the government to contribute to.Every child aged 10 and under and newborn children will be given an individual NSW kids' future fund account starting this year.Then parents and carers can make contributions each year as well.

"This account will help set our kids up for life by giving them a headstart on the two most important things they need to secure their future. "Buying a home and acquiring the skills and education they need to succeed in a globally competitive and changing world." So when a child turns 18 they can access the fund to pay for the cost of university or tertiary education.It sounds like a lot of money and could blow a hole in the budget when you consider providing thousands of dollars to the millions of kids in the state."It will give a new generation the financial foundation to secure their future," he said.

NSW residents will head to the polls on Saturday, March 25 to vote and decide on the next state government.Continue reading

What, no story on the record of Perrottet as Treasurer, & Premier Gladys telling Daryl “He (Dom) just does what I ask him to do” “No worries” said Dom They’ve used the public purse as their own ICAC icare chilling nswpol NSWvotes VoteThemOut

If you have cash to spare, the government wants to give you more cash. The rich get richer and families who struggle to pay the bills get left behind.

It is a terrible one. Lets throw the liberals in the trash

So the children of the single parent on minimal wage who can't contribute $400 per year will be further disadvantaged compared to their rich counterparts. A much fairer way would be to properly fund public education. NSWvotes

Watch the NSW govt tell TAFE students to use their fund for training…., then it will be high schools using it. The neoLiberal dream of privatised education.

Like superannuation but for kids but paid into with taxpayer and parents money.

JFC why do I have to keep paying for other people's children?

More bullshit socialism, parents should pay for their own children!

Stop giving state funds to religious private schools

What are the tax implications?

bs promise that will NEVER BE DELIVERED by NSW LIBNATS.

Political bribe...

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NSW Liberal Party promises to deliver ‘future fund’ for children if re-electedNSW Premier Dominic Perrottet announced a significant housing and education reform at the Liberal Party’s election campaign launch. Under a proposed “NSW kids future fund”, all children under 10 would be eligible for an account which would begin with a $400 contribution from the government. Families are then invited to contribute to the fund themselves, with the government offering to match the contributions up to $400 annually. Mr Perrottet claimed the fund could result in $28,000 by the time a child turns 18. No details on the potential cost of the fund have been revealed. Sounds like socialism to me. How long has it been since he took over from Gladys? This should have been done months ago if he was fair dinkum. It’s a good concept that encourages our youth to bed fiscally responsive and to save from a very young age
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Dominic Perrottet announces ‘future fund’ for NSW children at Liberal election campaign launchPremier pledges up to $400 annually for children to be used on education or housing once turning 18 What a bloody disgrace, he's busy selling off the future of all kids and adults of NSW but hey, we will give you a pittance to support us at the election. What a pathetic joke! Is that promise, they gonna keep, hope so. Dominic Perrottet announces ‘future fund for Liberal children at NSW election campaign launch That sounds more like it to me…
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Liberal launch: Perrottet’s plan to give every 18-year-old $28,000In a direct appeal to aspirational voters across NSW, Dominic Perrottet has unveiled a future fund plan handing every child a savings accounted seeded with $400. And what is the tax rate for children and unearned income?
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Perrottet promises major ‘future fund’ for children at Liberal launchA future NSW Liberal government will pay parents to set aside cash for their children’s future home deposits under a major election commitment.
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‘We are so far behind’: Lynda Edwards says Indigenous voice could spur action on NSW treatyComments from NSW premier’s woman of the year come as government minister rules out progress on treaty if re-elected
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Why is NSW the only state that hasn't begun a treaty process?The NSW government has confirmed it has no intention of starting a treaty process, despite it being the only state not to do so. Many are asking why. Learn more about what's happening here: via NITV NITV A treaty can only be entered between sovereign nation states. Hundreds of Aboriginals running around naked in the bush and eating goanna guts do not constitute a sovereign nation state NITV Is this something that the people vote for or does it just happen NITV SBS trying to influence the State election.
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