The Schmierers of South Windsor are likely to benefit from a number of the Rudd Government’s 2008 budget commitments, but they are unsure whether the incentives go far enough.

Lyndall and David Schmierer have three children to support: five- year-old Logyn, and six month-old twins Deegan and Kyan, plus a mortagage to pay off.

Mrs Schmierer was particularly happy about the education tax refund where families can claim up to $375 for each primary student and $750 for each secondary

student when they spend money on educational materials. With Logyn already attending primary school the tax refund will certainly come in handy.

“If the Government is going to offer us incentives for spending on our kids’ education then that’s good,” Mrs Schmierer said.

However, she felt that means testing for the Family Tax Benefit could be fairer.

The couple live off Mr Schmierer’s annual income of $75,000 a year, and receive $136 a fortnight in Family Tax Benefits, a sum that is often stretched to the limits.

“With the twins alone we spend more than that a fortnight on nappies, wipes, and formula,” Mrs Schmierer said. “With the three children, we would be spending double that a fortnight.”

The Schmierers understand firsthand the costs involved with raising a family, and although they are unlikely to get a huge tax break they believe every bit of financial relief helps.

“Realistically, with our income, I don’t think we will be that much better off, but something is better than nothing,” Mrs Schmierer said.

What will families get?

• The average weekly income earner on around $48,000 per year will be around $20 a week better off from tax cuts;

• Increase in childcare rebate of 50 per cent from 30 per cent;

• Families earning $150,000 per year will now be means tested on the $5000 baby bonus, beginning January 2009;

• Education tax refund will help parents cover the cost of school books, laptops and home internet connection;

• Eligible families can claim a 50 per cent tax refund when they spend up to $750 on key education materials for each primary school child and $1500 per secondary child. They can receive a maximum refund of $375 for each primary student and $750 for each secondary student;

• Only families eligible for Family Tax Benefit A – those with a combined income of no more than $97,845, or whose children receive Youth Allowance will get the refund;

• Will help parents cover the cost of school books, laptops and home internet connection.