Budget

What are your thoughts ? I actually missed it - did they say anything about childcare / 20 hours free or WFF?

Looks positive for everyone. You can use this calculator to work out what you will be entitled to:

Calculator

It sounded pretty good to me. Didnt hear anything about WFF though.

1 October 2010 is when everything will take effect.
We'll be $28 a week better off - better than nothing.

this is concerning.

Extra funding removed from ECE centres that have over 80% of their staff qualified. So they get little or no benefit any longer for having qualified staff meaning that a) it's going to cost them less to have unqualified staff and b) those centres with qualified staff (and therefore higher wage costs) are likely to pass the costs on to the parents that use their centre.

I think. It's not a very well written article, or it could be that the issue is slightly complex?

Yes, I agree. That is disappointing.

I am happy the WFF stays (not that we get any) and that the 20 hours funding will also stay.

I am disappointed that the company tax rate is going continue to fall far beneath the top tax rate for income earners. This encourages rich people to filter money through companies, therefore getting away with paying proportionately less tax than others. It's world-standard practice to have the company, trust and top income rates all pretty much the same, to discourage tax avoidance.

Of course, wouldn't it be nice to see companies passing on this tax benefit to their employees through better wages?

jazzy wrote: I am hoping I can have another yr off working till DS3 goes to school.

hmmm if only the tax cuts where THAT generous to pay for us take another year off........but hey anything towards us staying home is better than working aye

I will be less inclined to go back to work if daycare is gonna cost more or there is less qualified staff

Edited by Chickielou

Chickielou wrote: jazzy wrote: I am hoping I can have another yr off working till DS3 goes to school. hmmm if only the tax cuts where THAT generous to pay for us take another year off........but hey anything towards us staying home is better than working aye I will be less inclined to go back to work if daycare is gonna cost more or there is less qualified staff

I wish, lol. But if WFF were going then I would have to go back to work now instead of when DS3 is 5 next yr.

What I don't think is fair is that those who pay .33% now will pay .30% when the top income get a 5% drop.
So the politicians will rake it in.

The more people have to spend the more that goes back in to strengthening our economy. But now the extra we get a week will go to pay GST & the more in the family means the more GST you will pay, so on 1 income you will probably end up spending more or put off those big buys.

DH is getting a pay rise at his next review end of May so I told him not to come home with less than $71000. ha ha..like that will happen

DH earns about max $42,000 and i havnt worked in well over a year, boardering on two!!

WFF says about $120 per week so assume this will go up to $130pw ??

all this stuff confuses me....

jazzy i wil be getting lump sum of $1200 but ike thats anywhere near an average 14weeks of maternity leave wages lol

 

edit to add: plus the $10 isnt going to offset all the extra GST well be paying out on groceries and nappies etc...DH just made that point lol

Edited by BAMN08