Every child in NSW will gain a financial head-start under a life-changing Liberal and Nationals plan to futureproof the finances of generations to come, giving them the best start to life.
This is the most significant financial security investment in NSW history. Under a re-elected Liberal and Nationals Government, every child in the Orange Electorate aged 10 and under – and continuing each year with every newborn child – will be eligible for a Kids Future Fund account, which will receive a $400 starting payment from the Government.
Parents will be able to contribute to the fund, with payments matched by the Government up to $400 per year, with interest also earned over time.
Once the child turns 18 they will be able to withdraw from their fund – which could be worth between $28,000 and $49,000 per child.
Nationals candidate Tony Mileto for the Orange Electorate said this landmark initiative is the first of its kind in Australia and will help provide financial security to an entire generation in the Orange Electorate.
“This investment will change the lives of children in NSW in the Orange Electorate forever,” Tony Mileto said.