FamilyBoost is a new childcare payment which came into effect on the 1st July 2024, to assist with the cost of early childhood education (ECE). Households earning up to $180,000 a year are eligible. You can claim up to 25% of your weekly childcare fees, to a maximum of $975 every 3-months. Earnings for self-employed people will be based on your last filed tax return, so you do not need to wait for the current year to be completed.
You need to start saving your ECE receipts now, for the first 3-month application date which opens on the 1st October. Claims can only be made online through your MyIR login. If you need assistance with setting this up in preparation for making a claim, your Graham Brown manager can assist.
For more information please follow these Inland Revenue links:
Please reach out to us directly on 07 885 1022 for further guidance or clarification.