How the 2021-22 Federal Budget will affect your super

The 2021-22 Federal Budget was recently announced. Here’s a brief summary of the proposed changes that may affect your super from 1 July 2022.* Quick overview Proposed Changes for Workers Proposed Changes for Retirees Removal of $450 monthly income theshold for super contributions Higher withdrawal limit for First Home Super Saver Scheme Removal of work … Read more

The 2019 Federal Budget and what it means for your super

Budget Key Points Tax Relief – Providing immediate tax relief for low and middle-income earners of up to $1,080 for singles or up to $2,160 for dual income families to ease the cost of living. “Putting Members’ Interests First Bill” – To take effect from 1 October 2019, making insurance ‘opt-in’ for members under the … Read more

How the 2018 Federal Budget will affect you

Scott Morrison’s third budget is headlined by $140 billion in tax cuts over the next decade, immediate tax relief of up to $1,060 a year for middle-income households and a fundamental reform of the tax system.   Summary of Budget measures Note: These changes are proposals only and may or may not be made law. … Read more