Obtain A Quote

Archive for April, 2019

Federal Budget Update

Federal Budget Update

The Federal Budget 2019/20 announced on 2 April 2019 has been described as a prelude to the ballot box. The Budget targets an underlying cash surplus of $7.1 billion in 2019/20. This follows an estimated deficit of just $4.2 billion in 2018/19. The Budget also sets out a surplus for the forward period including: An $11 billion surplus in 2020/21;…read more →

Federal Budget initiatives for Individuals

Federal Budget initiatives for Individuals

Personal Tax Cuts The Budget celebrated the surplus with a $19.5 billion package of personal income tax cuts for Australian residents. (Note: This package revises the legislated seven year income tax plan). The personal tax changes result in a tax saving of $855 for someone on an annual taxable income of $45,000 per annum until 2022, then $1,080 until 2024…read more →

back up ↑