Premier pledges up to $400 annually for children to be used on education or housing once turning 18
Every child under 10 in New South Wales will be set up with an account containing $400 as part of an election promise the premier,, said was the “most significant financial security investment” in the state’s history.
Perrottet announced the government’s $850m “signature election policy” at the Liberal campaign launch in Sydney’s west on Sunday, flanked by dozens of children on stage.He also promised a returned Coalition government would invest a further $1.2bn to build and repair schools and would build a new selective school at Box Hill.
“The children of our state should have access to the best schools and the best education, no matter where they live,” Perrottet said. Parents would be able to add up to $1,000 into their child’s Kids Future Fund account every year, matched by up to $400 a child by the government annually. Government modelling suggests children would then have access to between $28,000 and $49,000 when they turn 18 that can only be used on education or housing.
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