inSing.com, 4 Sep 2012Paying preschool fees falls largely on the shoulders of the parents. Even with subsidies and the Baby Bonus’ dollar-for-dollar savings scheme, the tab that is left for the parents to pick up is still significant, because what is considered low-cost for one household may be high-cost to another. It’s all relative. A household with very low income will still find post-subsidy preschool fees a real pinch.
And for parents to benefit from the Baby Bonus savings scheme, it depends on how much money they contribute to the scheme in the first place. That is something that better-off parents naturally find easier to do.
Subsidies are given for a certain period of time, and may or may not be renewed, so while they offer temporary relief as needed - and as intended and determined by the government agency that is giving them out - they are not a security blanket. Full story
