Greetings!
Now that your children are back at school, here is some important information to keep you ontrack.
The Australian Government is helping you with the costs of educating your children. The Education Tax Refund (ETR) helps with the cost of educating primary and secondary school children and eligible parents, carers, legal guardians and independent students are able to get money back on education expenses. These include items like computers, educational software, textbooks and stationery. You may get 50% of your money back. There are just a few things you need to know so keep those receipts handy .
- You can claim the Education Tax Refund (ETR) if you received Family Tax Benefit (FTB) Part A for your child(ren)
- From 1 July 2011 school uniforms will be tax deductible. Parents can receive tax refunds for up to 50 per cent of the cost of buying their children's school uniform.
Visit the Education Tax Refund website for all the details. If you need any further assistance, be sure to let us know.
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Funding a private school education takes planning
There are a variety of ways to fund your child's education and planning well in advance makes that particular financial burden easier to manage. Contributions coming from parents and even grandparents on a regular basis can make all the difference.
Speak with one of our investment advisers to get the right information and to ensure your money is working hard to gain that end result you desire.
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