Families to receive up to $75 a week help with ECE fees
NZ families are set to benefit from a new credit to help them meet their early childcare education (ECE) costs, Finance Minister Nicola Willis says.
The Government has announced that it intends to introduce a FamilyBoost payment as part of Budget 2024. The proposed FamilyBoost will be a new childcare payment made to families with young children to help with the rising costs of early childhood education (ECE).
- The FamilyBoost payment will be equal to 25% of ECE fees already paid by households — this would be a maximum weekly refund of up to $75
- From 1 July, parents and caregivers of young children will be supported to manage the rising cost of living with a partial reimbursement of their ECE fees
- Under the scheme, parents can get back up to 25 per cent of their weekly fees, to a maximum of $75 per week.
FamilyBoost will be available for ECE fees paid from 1 July 2024, with the first FamilyBoost refunds being made in October. Further details will be released as part of the Budget 2024 announcements on 30 May.
To ensure the repayment goes swiftly and accurately to eligible parents and caregivers, ECE invoices are submitted directly through IR’s online system, myIR.
Full details of FamilyBoost, including how to apply for it, will be available on Budget Day – 30 May 2024.
Source: beehive.govt.nz
