What is the Schoolkids Bonus?

Schoolkids Bonus

 

The Schoolkids Bonus replaced the Education Tax Refund In January 2013. The Schoolkids Bonus is designed to help families with school expenses.  It provides eligible families with $856 for every student in high school and $430 for every student in primary school. However, in order to receive the benefit, your family must earn less than $100,000 a year. The bonus affects approximately 1.3 million families of 2.2 million schoolkids.

 

The payment is automatic and upfront, which means that it’s not necessary to keep receipts as records of your expenses. Plus, the payment will be the same amount every time, making it easy to budget.

 

This payment stopped in July 2016. You can no longer update your child’s education details to receive this payment.

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