![Treasurer Josh Frydenberg's childcare package is set to help about 250,000 Australian families. Treasurer Josh Frydenberg's childcare package is set to help about 250,000 Australian families.](/images/transform/v1/crop/frm/silverstone-feed-data/86d377d3-9ddd-47b6-8bce-0d096cb60c7e.jpg/r0_0_800_600_w1200_h678_fmax.jpg)
SAVINGS FROM $1.7 BILLION CHILDCARE PACKAGE FROM JULY 1
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- Childcare subsidies increase for families with more than one child aged five and under, benefiting around 250,000 families
- $10,560 cap removed on childcare subsidy, benefiting around 18,000 families
- Savings:
(Two-child family income - current subsidy - new subsidy - saving per week)
$40,000 - 85 per cent - 95 per cent - $41.60
$80,000 - 82 per cent - 95 per cent - $53.79
$110,000 - 72 per cent - 95 per cent - $95.39
$140,000 - 62 per cent - 92 per cent - $124.80
$180,000 - 50 per cent - 80 per cent - $124.80
Source: Treasurer's Office
Australian Associated Press