News

2018 Federal Budget Update

Wed, 9 May 2018

Last night, Treasurer Scott Morrison MP delivered the 2018-19 Federal Budget.

With the budget position running ahead of prior estimates as of December 2017, and a Federal election looming, the 2018-19 Federal Budget brought positive news for tax payers, stabilising news for investors and restrained changes for Superannuation members.

The centrepiece of the Budget was a seven-year personal income tax strategy, beginning with reductions for low and middle income earners in the 2018-19 year.

This budget appears to be an attempt to strengthen domestic demand without sacrificing the return to surplus, with further infrastructure projects funded, the proposed Medicare levy increase dropped and some tax relief.

To read the full Budget update please click here