An analysis by a Perth based independent Financial Planner on the Federal Budget. The blog articles assess the Federal Budget changes which impact financial planning matters. This may be social security changes, retirement allocated pension changes and other superannuation and tax changes.

In essence, I aim to distill all the information which relates to financial planning and wealth management and present it in a simple easy to understand format. It takes me a very long time to do; so I hope you find it beneficial.

Federal Budget Summary 2020-21

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…

Federal Budget 2020

Federal Budget Summary 2019-20

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…

Financial Adviser logo

Federal Budget Summary 2017-18

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…

Financial Adviser logo

Federal Budget Summary 2016-17

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…

2015 Federal Budget

Federal Budget Summary 2014-15

 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…