Summary, Economic outlook revised down, Relaxing restrictions on super contributions, Disingenuous Liberals
Welcome to this special 2019 Federal Budget newsletter where we cover the main super, tax and retirement related policy announcements. Highlights include:
- FEDERAL BUDGET OVERVIEW: It was a relatively quiet night for super, but big for tax cuts. There are also some positive announcements for older Australians.
- ECONOMIC OUTLOOK: Australia may be back in the black (soon), but we’re also not out of the woods yet. Penny Pryor takes a look at the Federal Budget’s Economic Outlook.
- RELAXING RESTRICTIONS ON SUPER CONTRIBUTIONS: Older Australians have new incentives to make super contributions but Sean Corbett considers this disingenuous of the Liberals.
- ELECTION WARM-UP: We also feature opinion pieces from Michelle Grattan and Peter Martin, who give their views on how the budget will interplay with the forthcoming election.
2019 Federal Budget overview: Super, tax and related announcements
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.
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