The “Kids Future Fund” promised by NSW’s Premier Dominic Perrottet if his government is re-elected on March 25 is an idea discussed by social policy experts since the 1990s but rarely embraced by politicians.
Britain’s Blair Labour government introduced a similar policy in the early 2000s but it lasted just eight years before being scrapped as part of budget cutbacks.
Perrottet’s promise is to put $400 into a trust fund for every child aged up to 10 years old (and then for every child born). The government will then match contributions made by the child’s parents (or grandparents) up to $400 a year until the child turns 18.
