An analysis on the Federal Budget and how it may impact Australians from a financial planning perspective. This usually includes Centrelink, superannuation, pension and taxation changes.
The 2024 Federal Budget, brought down on 14 May 2024. With an election likely later this year, or early 2025, this could be the last Budget for the Albanese Labor government. For the second year in a row, the Federal Government is on track to deliver a budget surplus. Helped by a stronger than expected…
The 2023 Federal Budget, brought down on 9 May 2023, is the first full Budget for the Albanese Labor government. This Budget Summary is not designed to cover all aspects of the Federal Budget. It is solely focused on the key financial planning areas which relate to our clients – superannuation, taxation and social security.…
The 2022 Federal Budget , brought down on 29 March (6 weeks earlier than normal), is the last Budget before the next Federal Election is due to be held. This Budget Summary is not designed to cover all aspects of the Federal Budget. It is solely focused on the key financial planning areas which relate…
The 2021 Federal Budget, delivered on 11 May 2021, is likely to be the last Budget before the next Federal Election is held. As such, the Budget was designed to keep the electorate favourably disposed towards the incumbent government. Everyone is a ‘winner’.
Originally scheduled for release on the 12th of May 2020, Treasurer Josh Frydenberg released the Federal Government’s 2020-21 Federal Budget on the 6th of October 2020. In what should always be very welcome news for retirees, there are no significant changes to the superannuation system. And in what should always be welcome news for workers, there are…
The 2020 Federal Budget is a little unique in that it has been brought forward to the beginning of April, instead of being delivered in May. This is to accommodate a Federal Election that is expected to be held in mid-May 2019. This analysis looks at a number of key areas including the state of…
The Hon Scott Morrison MP handed down his third Federal Budget on the 8th of May 2018. Pleasingly, superannuation has again largely been left alone.
The Hon Scott Morrison MP handed down the 2017-18 Federal Budget on the 9th of May 2017. Pleasingly, and unlike last year, in the 2018 Federal Budget superannuation has largely been left alone. The main changes involve allowing people aged 65 and over to downsize their home and gain exemptions from the superannuation caps, and…
The Hon Scott Morrison MP handed down his first Federal Budget on the 3rd of May 2016. The 2016-17 Federal Budget contained modest changes to income tax rates and Centrelink rules but significant, and largely negative, changes to superannuation. Of most concern is that a number of the superannuation changes are retrospective and hence impact…
The Hon Joe Hockey MP handed down his first Federal Budget on the 13th May 2014. There are few winners but plenty of losers. Fortunately the superannuation system has not been overly tinkered with. And, with the exception of a temporary 2% budget deficit levy on high income earners, tax has also largely been left…
