Tracey Spicer talks to industry experts, including Noel Whittaker, Stephen Huppert and Bina Brown as well as representatives of the FPA, SMSF Association, Super Consumers Australia and Women in Super about their take on the 2020 Federal Budget.
Set out below are all SuperGuide articles that relate to Federal Budget and superannuation.
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The Personal Income Tax Plan which provides targeted tax relief over seven years for low and middle income earners and protects middle income Australians from bracket creep consists of three steps.
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.
This is an extraordinary giveaway budget, driven by desperate circumstances that would have been inconceivable less than a year ago. The debt and deficit numbers are predictably eye-watering – but the gamble is whether they are big enough.
Accelerated tax cuts, cash splashes for pensioners, massive incentives for business to invest and a subsidy to hire unemployed people are the centrepieces of the Morrison government’s COVID-19 budget.
The Australian federal budget, unveiled on Tuesday, bases several assumptions on Australians having access to a COVID-19 vaccine in 2021.
The budget is a statement of faith, or hope.
This year’s budget is something of a play in two acts. Act one involves large economic stimulus to help plug the hole in output generated by the coronavirus pandemic. Act two tries to set Australia up for a bounce back in economic growth and employment that involves more than just waiting for the pandemic to end.
After two decades equating budget surpluses with good economic management, it might seem convenient that the federal government has changed its fiscal strategy just before the budget to focus on jobs over keeping the deficit in check.
It’s easy to get the impression the massive government spending and deficits and debt required by the pandemic are new. Yet for almost all of the years since Federation the Commonwealth budget has been in deficit.
The Federal Government’s updated economic outlook released last night includes a much more upbeat forecast for economic growth in 2021 than its earlier economic and fiscal update released in July.
On Thursday April 4th Labor leader Bill Shorten delivered his reply to this week’s Federal Budget. In this article we’ll look at Labor’s reply in relation to tax and superannuation measures, as well as announcements that affect older Australians.
With all the announcements on tax over the past few days it’s hard to keep track. So here goes. A year ago the then treasurer Scott Morrison unveiled a “seven year personal tax”.
In his budget speech tonight Treasurer Josh Frydenberg announced that under a Coalition government we will see a decade of surpluses that will “continue to build toward 1% of GDP within a decade”.
The Morrison government has delivered an election-launch budget with big personal income tax handouts to attract voters and a A$7.1 billion 2019-20 surplus to display its economic credibility.