Paid parental schemes: Will working Aussie mums win under Abbott or Rudd?

Australian working mums would be almost $1000 better off on average each week under Tony Abbott’s proposed paid parental leave policy than under the current Labor scheme, research from the Mozo team reveals.

Tony Abbott’s proposed paid parental leave scheme will come at a cost of $5.5 billion a year including superannuation, funded mainly by a 1.5% level on top earning Australian companies. Abbott is proposing that from July 2015, working mothers will get 6 months leave on full pay capped at a salary of $150,000.

We compared the two parties’ policies head to head and the difference for Australian families is quite staggering.  Abbott’s proposal puts an extra $24,300 including super into the pocket of a working mum earning the average full time wage of $65,000 a year. Under the proposed scheme if the dad is the primary carer he will receive payment at the mother’s salary. The scheme will also apply to same-sex couples.

While the Government’s current policy offers 18 weeks paid leave at minimum wage, the Coalition will pay a woman’s real salary (up to $150,000) and superannuation for 6 months.

Here’s a closer look at the numbers:

Woman earning $65,000 a year, maximum received under paid parental scheme

Under Liberal

Under Labor

Difference

Parental leave

$32,500

$11,200

$21,300

Superannuation

$3,000

$3,000

Total

$35,500

$11,200

$24,300

 

Mozo Director, Kirsty Lamont chatted with the team from The Morning Show about Tony Abbott’s proposed scheme, click below to see the full interview:

paid parental leave - the morning show channel 7

Is the Coalition’s proposed parental scheme a win for working mums? Tell us your thoughts below.

Paid parental schemes: Will working Aussie mums win under Abbott or Rudd? was last modified: June 29, 2015 by Mozo

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