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 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…
In our 2013-14 Federal Budget snapshot we summarise the key features announced last night. As in every other year, the Budget will have a positive or a negative impact on different individuals or households in Australia.
Below is a review of the 2011-12 Federal Budget that relate to financial planning; namely superannuation, taxation and social security.