Financial support for single parents will continue until their youngest child turns 14, reversing the cuts made over a decade ago by the Gillard government.

The previous cut-off age was at eight-years-old and was confirmed to be lifted by Prime Minister Anthony Albanese in tomorrow’s budget.

“I know first hand what it’s like to grow up with a single mum doing it tough, and we want to make sure that the children of single-parent families have the best opportunities in life,”  Albanese said.

“We want to look after single parents because we know that the role that they play in raising their children is such a priority for them and they’re deserving of more support.”

The change means that single parents will receive a higher parenting payment of $922.10 per fortnight for longer.

The new reform is projected to cost the government $1.9 billion dollars through till 2027. More than 90 percent of recipients of the upgraded payment will be single mothers.

Amanda Rishworth from Social Services said the change will ensure a stronger safety net for single parents and their children.

“Reduced opportunities to participate in paid work, coupled with the additional costs associated with raising children, make single-parent households more vulnerable to economic insecurity,” she said.

“Labor’s changes will support more single parents and their children to ensure they have the safety net they need and that they are supported to re-enter the workforce when their children get older.”

However, the federal government has stopped short of fully restoring the cuts made under former prime minister Julia Gillard in 2012, when the payment cut-off was lowered from 16 years of age.

The lift will need to be passed by parliament and is set to take effect from September 20.

Photo: Single parents on assistance find new opportunities and employment by Province of British Columbia available HERE and used under a Creative Commons License. This photo has not been modified.