
- Has the Schoolkids Bonus replaced the Education Tax Refund?
- Why has the Government replaced the Education Tax Refund with the Schoolkids Bonus?
- Is the Schoolkids Bonus less than the Education Tax Refund?
- What are the differences between the Schoolkids Bonus and the Education Tax Refund?
- Can I still claim the Education Tax Refund?
Has the Schoolkids Bonus replaced the Education Tax Refund?
Yes, the Schoolkids Bonus has replaced the Education Tax Refund. The Australian Government made this change to ensure eligible families and students receive practical, easy payments to help lighten the load at times when it is needed most – back to school and mid-year – in a timely manner when families need it most.
Why has the Government replaced the Education Tax Refund with the Schoolkids Bonus?
The Government aims to help eligible families and students across Australia by providing assistance to boost their back to school budgets. By design, the Schoolkids Bonus delivers more money to more low and middle income families and students who need assistance with their education expenses.
Under the Education Tax Refund around 80 per cent of eligible families did not get the full amount they were entitled to receive or received nothing at all. This is because the system was complex as receipts had to be kept for long periods and families did not have the money when they needed it the most.
The Schoolkids Bonus overcomes those problems as it is paid automatically to eligible families and students – which means they no longer need to keep receipts and wait for months to claim back education costs through their tax return, simplifying the process for receiving the payment.
Is the Schoolkids Bonus less than the Education Tax Refund?
No – families and students will be better off. The Schoolkids Bonus is $410 a year for each primary school child and $820 for each secondary student compared to a maximum of $397 for a primary school child and $794 for a secondary school child under the previous Education Tax Refund.
What are the differences between the Schoolkids Bonus and the Education Tax Refund?
| Features | Schoolkids Bonus | Education Tax Refund |
|---|---|---|
|
Payment amount |
$410 a year for a primary student $820 a year for a secondary student |
Maximum refund of $397 for a primary student Maximum refund of $794 for a secondary student* |
|
Payment frequency |
Two instalments:
|
Paid once each year, retrospectively |
|
Claiming method |
Automatically paid into bank accounts |
Claimed through tax return |
|
Eligible expenses |
No ineligible education expenses |
Eligible expenses limited to:
|
Can I still claim the Education Tax Refund?
You can’t claim the Education Tax Refund for 2011-12 or future financial years because it no longer exists. It has been replaced by the Schoolkids Bonus. However, you can still claim the Education Tax Refund for past years through the Australian Taxation Office. Check with the Australian Taxation Office for information.
