New research shows mothers are losing around 60 per cent of their gross income when they return to work, after taking into account childcare costs, loss of government benefits and increases in tax. The research by the National Centre for Social and Economic Modelling (NATSEM) and AMP says mothers on minimum wage may only keep a fraction of their earnings, with some effectively working for just $3.50 an hour. The centre's report found the average cost of childcare has jumped 150 per cent in the past decade, with some families paying up to $170 a day. The report comes as a Galaxy poll shows as many as 570,000 women are looking at planning their next baby around the Paid Parental Leave scheme, which comes into effect next July. More » |
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