The Business Advisory Blog

The Business Advisory Blog

Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

While every effort has been made to provide valuable, useful information in this publication, this firm and any related suppliers or associated companies accept no responsibility or any form of liability from reliance upon or use of its contents. Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only.

Greg Millar
Published on

Families to receive up to $75 a week help with ECE fees

NZ families are set to benefit from a new credit to help them meet their early childcare education (ECE) costs, Finance Minister Nicola Willis says.

The Government has announced that it intends to introduce a FamilyBoost payment as part of Budget 2024. The proposed FamilyBoost will be a new childcare payment made to families with young children to help with the rising costs of early childhood education (ECE).

  • The FamilyBoost payment will be equal to 25% of ECE fees already paid by households — this would be a maximum weekly refund of up to $75
  • From 1 July, parents and caregivers of young children will be supported to manage the rising cost of living with a partial reimbursement of their ECE fees
  • Under the scheme, parents can get back up to 25 per cent of their weekly fees, to a maximum of $75 per week.

FamilyBoost will be available for ECE fees paid from 1 July 2024, with the first FamilyBoost refunds being made in October. Further details will be released as part of the Budget 2024 announcements on 30 May.

To ensure the repayment goes swiftly and accurately to eligible parents and caregivers, ECE invoices are submitted directly through IR’s online system, myIR.

Full details of FamilyBoost, including how to apply for it, will be available on Budget Day – 30 May 2024.


Topics: budget invoices