#EveryoneNeedsAPlan: Paid Parental Leave to Increase to 26 Weeks by 2026

The federal government is proposing legislation that, if passed, will increase the Paid Parental Leave ('Leave') to 26 weeks by 2026:

• The proposal is to increase the current 20 weeks Leave (for children born or adopted after 1 July, 2023) by 2 week increments each Financial Year for the next 3 Years
• There is an eligibility criteria to receive the payment, including: Income Test | Work Test | Residency Rules
• Incorporating Leave payments into your Financial Plan may be critical to being able to meet a family expenditure budget
• If you require further assistance please don't hesitate to contact McKinnon Financial Planning (first appointment is free!)