Here is what we know about the policy promising children thousands of dollars to start adulthood with. 9News
Here is what we know about the policy promising children thousands of dollars to start adulthood with.NSW children under the age of 10 would be given a fund for parents, carers and the government to contribute to.Every child aged 10 and under and newborn children will be given an individual NSW kids' future fund account starting this year.Then parents and carers can make contributions each year as well.
"This account will help set our kids up for life by giving them a headstart on the two most important things they need to secure their future. "Buying a home and acquiring the skills and education they need to succeed in a globally competitive and changing world." So when a child turns 18 they can access the fund to pay for the cost of university or tertiary education.It sounds like a lot of money and could blow a hole in the budget when you consider providing thousands of dollars to the millions of kids in the state."It will give a new generation the financial foundation to secure their future," he said.
NSW residents will head to the polls on Saturday, March 25 to vote and decide on the next state government.Continue reading
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