Personal income tax cuts (2018–2025): What it means for you
The majority of Australians are already enjoying tax cuts and increased financial support in the form of tax offsets, with more to come.
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The federal budget is presented by the federal government each year, typically on the second Tuesday in May. The budget profiles the current government’s social and political priorities, and presents Australia’s economic outlook for the coming years.
The 2021 Federal Budget was announced by Treasurer Josh Frydenberg on Tuesday, 11 May 2021. For an overview of the superannuation, tax and retirement related announcements see SuperGuide’s 2021 Federal Budget overview.
The majority of Australians are already enjoying tax cuts and increased financial support in the form of tax offsets, with more to come.
The second Budget of the Albanese Government holds the line on fiscal discipline, while acknowledging the pain that many Australian households now face with mounting cost of living pressures.
In early reporting of the October Budget, the landmark Women’s statement was only briefly mentioned. We take a deep dive.
The first budget delivered by Treasurer Chalmers is a ‘steady as she goes’ document with few surprises, and many of the key initiatives telegraphed widely before budget night.
It was a quiet night for superannuation, but the Federal Budget provided some ‘cost of living’ announcements that could give millions of Australians a cash boost over the coming months.
Removing SG’s $450 per month threshold and the work test, Enhancing the FHSSS, Downsizing and the Pension Loans Scheme.
This year the headline announcements are the bringing forward of tax cuts already announced in the 2018 and 2019 Federal Budgets, but there are also some interesting announcements around superannuation.
On 2 April 2019, Josh Frydenberg announced his first Federal Budget as Treasurer. There were only a handful of policies that directly relate to superannuation, but also tax cuts and a one-off energy payment for older Australians.
SuperGuide is Australia’s leading superannuation and retirement planning website.
Superguide Pty Ltd ATF Superguide Unit Trust as a Corporate Authorised Representative (CAR) is a Corporate Authorised Representative of Independent Financial Advisers Australia, AFSL 464629.