Perrottet’s future fund for children risks increasing poverty divide, social advocates say

Benefit will depend on how much parents can afford to contribute, with wealthier families getting ‘an extra leg up’, critics say

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The New South Wales government’s cornerstone election policy, which aims to help the next generation pay for housing and education, has been criticised by social advocates who claim the scheme will further entrench inequality.

The Kids Future Fund would see all children 10 and under handed an account with $400 in it, with the government to match parents’ future contributions of up to $400 every year until the age of 18.

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