March 14, 2023


There’s a feeling every parent knows: the burst of optimism and hope when you first imagine the possibilities ahead for the little person you have brought into the world.

And as every parent knows, you’re quickly filled with a sense of urgency to do everything you can to make sure your child is prepared for the future.

These are uncertain, challenging times we live in, so parents across NSW have welcomed Premier Dominic Perrottet’s announcement that if re-elected, a Liberal Government will establish a Kids Future Fund – a fund for kids which will ensure future generations reach the age of 18 with up to $49,000 to invest in further education or their first home.

Announcing the Kids Future Fund, Mr Perrottet, father of seven said, “If we truly want to prepare our children for success in a global world where change and uncertainty are inevitable, they are relying on us to move on from the tired old cycle of short-term politics. As Premier, I want every family across our great state to have the opportunities, support and care we all want for our own families.”

Every single child born in NSW would qualify for the Kids Future Fund. Here’s how it works:

1. NSW Government opens your child’s account with $400

Your NSW Government creates your child’s investment account with a $400 contribution soon after they come into the world. In the first year of the scheme, parents would also be able to create accounts for children aged 10 and under.

2. Your contributions matched up to $400 every year

Parents and grandparents can contribute up to $1000 into the accounts, and the NSW Government will match those contributions up to $400 every year.

3. Your child’s investment grows with them over time

Just like an adult super fund, your child’s Future Fund grows over time with returns on investment, ensuring they reach adulthood with a significant sum in savings.

4. Your child reaches 18 and has a superb start in life

When your child turns 18, they can withdraw from the fund to invest in their further education or use towards buying a home.

Models suggest NSW children will have savings of between $28,000 and $49,000 when they turn 18 to help give them the very best start to their adult life.

In summary of his government’s much-welcomed initiative, Mr Perrottet said, “The Liberals are helping a new generation to build the foundations of financial security so they are ready for success in the NSW of tomorrow.”


Authorised by Chris Stone, Liberal Party of Australia, NSW Division, Level 2, 131 Macquarie Street, Sydney NSW 2000.

We may get commissions for purchases made using links in this post. Learn more.
  • Shame it is only suggested for NSW


  • A great idea that won’t come to fruition due to Mr Perrotet losing the election. Such a pity as this was a very innovative idea.


  • Such a great idea, as long as the funds can’t be touched prior to the child’s 18th Birthday & can only be used for the young adults education or housing as promised.


  • That really is a great initiative. The NSW premier is quite family focused


  • This is such a great idea, and will be a huge help for our kids to buy their first car, help them go to uni or save for a house etc. I do wonder If it’s just all talk though!


  • I’d love to win this for all of our family memories. We have another baby on the way and I want them to have photos to look back on


  • It’s an election promise. You know how realistic those are, don’t you?


  • I would love to win this for my grandson who’s starting school soon and these would be so handy as he loves painting and drawing.


  • It’s a great initiative but it’s an election promise. How many of those actually happen though.


  • Great in theory. In practice, it’s going to further inflate house prices.


  • I wonder how much $28,000-$49,000 will be worth in eighteen years time?


  • I hope the other states go with this also. A great idea!


  • This should be Australia wide. Good on NSW Liberals for writing this up.


  • What a great initiative. Impressive.


  • It’s a good idea, but I don’t trust Liberals.


Post a comment
Add a photo
Your MoM account

Lost your password?

Enter your email and a password below to post your comment and join MoM:

You May Like


Looks like this may be blocked by your browser or content filtering.

↥ Back to top

Thanks For Your Star Rating!

Would you like to add a written rating or just a star rating?

Write A Rating Just A Star Rating