News

Schoolkids' bonus starts this week

The Devereaux family – dad Bruce with Sophie, Grace, Joshua, mum Tracey holding Emily, Molly and Mish – says the new system will be simpler than the old education tax refund.
The Devereaux family – dad Bruce with Sophie, Grace, Joshua, mum Tracey holding Emily, Molly and Mish – says the new system will be simpler than the old education tax refund. Renee Pilcher

EXPECT a bonus in your bank account, but don't plan to spend it on a holiday or a new outfit.

The Federal Government's cash bonus to support families with the cost of education started going in to people's bank accounts this week.

Families, such as Gympie's Devereaux family, who receive Family Tax Benefit Part A will receive a one-off $409 for each child in primary school and $818 for each child in high school.

The payment is part of the government's transition from the Education Tax Refund to the new Schoolkids Bonus.

It will benefit about 2.2 million kids with expenses like uniforms, books, school excursions, stationery and other costs.

This year, eligible families will still be able to claim the Education Tax Refund.

Federal Treasurer Wayne Swan and Minister for Families Jenny Macklin said it was about helping busy families.

"With the Schoolkids Bonus, parents don't have to keep receipts to claim back expenses at tax time any more. And there's no extra paperwork," they said in a statement.

This will be a bonus for parents of six Bruce and Tracey Devereaux, who store receipts "on top of the fridge" find it hard keeping track of all the dockets needed for the tax refund.

"It will mean less paperwork," they said.

"You buy the uniforms and everything and then you accidentally throw the receipts out.

"This will be more streamlined."

From January, the new Schoolkids Bonus will be paid twice a year, before school goes back for terms one and three.

Eligible families will receive $410 for children in primary school (two instalments of $205), and $820 for children in full-time secondary study (two instalments of $410).

The government said 80% of families "weren't claiming what they're entitled to" under the Education Tax Refund.

"Replacing the old system with the Schoolkids Bonus me

ans one million families will receive more cash - a typical family will get more than $720 extra each year."

What to do with your bonus

Bruce is a blogger at bigfamilylittleincome.blogspot.com. Here are some of his tongue-in-cheek tips on what to do with your bonus:

  •  Save. My wife suggested we save ours for her birthday.
  •  Holiday. More Tin Can Bay than Byron Bay.
  •  Toys. So these payments arrive the same time as the toy catalogue sales start. Coincidence?
  •  Waste. With all the boxes discarded after toy sale, they might need to bring the dump charges in early.
  •  Medicine. Painkillers are really expensive these days. Especially as I prefer mine from a stubby.
  •  Formula. Two tickets to Gold Coast Indy will do.
  •  Petrol. For commuting to and from second job needed to pay for all the price hikes coming our way.
  •  Coffee. Needed to keep head clear for late night worrying about how to pay bills.
Gympie Times

Topics:  jenny macklin schoolkids bonus wayne swan



How to survive a bushfire in your car

IT SOUNDS like a nightmare, but it can happen.

Eight reasons to join the RFS

SPREAD across 93% of Queensland, the Rural Fire Service has about 36,000 volunteers. And you could be one of them.

What if my insurer gives me grief?

CLAIMING your insurance cover after a natural disaster can go one of two ways. It can be a breeze, or like pulling teeth.

Man in hospital after car smashes into tree

Paramedics were called to the crash early this morning at Tamaree.

Early morning crash leaves man with injuries

Gympie guides go international

RICH DIVERSITY: Rhiannon and mother Leonora Cox (centre) with some of the new friends they made when they travelled to Malaysia  to participate in the Malaysian Centenary Camp 2016.

Leonora and Rhiannon Cox head to Malaysia guide jamboree.

Looking for something to do in Gympie today?

Plenty to do in Gympie.

Meet new friends and have them influence you...

Local Partners

Sia, Keith Urban top Aussie Grammy nominations

Nicole Kidman and Keith Urban at the 50th Annual Country Music Association (CMA) Awards

Beyonce dominates with nine nods for 2017 Grammy Awards

Hailey Baldwin: I don't understand Taylor Swift's squad

Hailey Baldwin has taken a quick stab at Taylor Swift and co.

Taylor Lautner 'spotted smooching co-star'

Taylor Lautner has been romantically linked to Billie Lourd

David Beckham's tattoos come to life for UNICEF campaign

David Beckham has called for an end to violence against children

Pop star Liam Payne's Facebook hacked with porn

"Things that can happen to you when you don't have sex."

Tim Roth was abused by his grandfather

Tim Roth was abused by his grandfather during his childhood.

INSIDE STORY: The highlights of your $150 million CBD

GRAND PLAN: The highlights of the Ipswich CBD redevelopment and where they will be located.

Work on city heart's radical transformation to begin next year

VOTE IN OUR POLL: Sand mine opponents face serious dilemma

Public meeting for the proposed sand mine at Maroochydore last week.

Coast MP calls on Minister to stop KRA proposal with stroke of a pen

Developer's grand new multi-million dollar estate

NEW ESTATE: This is the only plan revealed by the property developer's new Billabongs Estate in Agnes Water.

DEVELOPER given the go ahead for a massive estate with 149 homes.

Couple's desperate $550K price drop to sell Gladstone home

Brian Headley and Kirstene Staib are selling their Kin Kora mansion for $750,000.

TELL tale sign of Gladstone's property market.

Banks reclaim Gladstone homes as job losses bite

LONG FALL: Property experts Heron Todd say, based on key market indicators, Gladstone is still travelling to the bottom of the market, with property prices set to get cheaper.

Property valuers say Gladstone housing market hasn't hit the bottom

Ready to SELL your property?

Post Your Ad Here!