NOTICE FOR PARENTS WITH A CHILD IN YEAR 4, 5 OR 6

Hello

The Australian Tax Office has now placed a deadline JUNE 2014 on the the ‘First Child Tax Offset’ so we are trying to make sure all eligible parents are aware of the offset.

In brief,  the government In 2001 introduced the “First Child Tax Offset”.  This was one of the first types of baby bonuses introduced, but unlike todays Baby Bonus Schemes it was not given much media exposure and was confusing.  As a result many parents have missed out on claiming this entitlement.

The offset was introduced to compensate parents for reduced income that followed the arrival of a child born between 1 July 2001 and 30 June 2004. There is information on the ATO website, but like many entitlements it is difficult to understand. 

Again, the Australian Tax Office has now placed a deadline on claiming this offset JUNE 2014 (this deadline has not been widely promoted).  With so many parents still unaware that they are eligible for this payment, we are attempting to advise as many as possible before the cut-off date.

We understand that financially it is hard for parents with the continuous costs of raising children (uniform expense, school expense, outside sport activity costs, medical expenses etc.) and if parents are entitled to this money we believe they should receive it.

Please see the attached flyer:

Child Tax Offset Flyer

If you would like any other information please do not hesitate to email childoffset@twelve.com.au.

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