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

NSW premier Dominic Perrottet announces his future fund for children at the Liberal campaign launch. Social advocates say the policy could further entrench inequality. Photograph: Flavio Brancaleone/AAP

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.