On the 2nd July 2018, the Australian Government introduced the Jobs for Families package.The Package will help parents with children aged 0 to 13 who need to work, train, study and volunteer access affordable child care for their children. The Package includes Child Care Subsidy, which replaced our old Child Care Benefit and Child Care Rebate package.
Under the Child Care Subsidy, the percentage of subsidy a family is entitled to is based on their combined annual income, with more financial support available to lower income families.
Current levels of family income and the amount of Child Care Subsidy payable as a percentage of the actual fee charged or hourly rate cap, for 2020/2021 are:
Family income Subsidy per cent of the actual fee charged or hourly rate cap, whichever is lower
Up to $69,390 85 per cent
More than $69,390 to below $174,390 Decreasing to 50 per cent
$174,390 to below $253,680 50 per cent
$253,680 to below $343,680 Decreasing to 20 per cent
$343,680 to below $353,680 20 per cent
$353,680 or more 0 per cent
Annual subsidy cap
Families earning $189,390 or less per year are not subject to a cap on the amount of Child Care Subsidy they can access. Families earning over $189,390 and under $353,680 have an annual cap of $10,560 per year per child. Families earning $353,680 or above cannot receive any CCS under the income test.
Three things will determine a family's level of Child Care Subsidy:
1. Combined family income
2. Activity level of parents
3. Type of child care service
For more information on this process, visit education.gov.au/childcare
To access the CCS Estimator visit: http://www.humanservices.gov.au/paymentfinder
|Tags:Long Day Care|