Budget summary, New super measures, Industry experts respond, Economic outlook
Welcome to this special 2020 Federal Budget newsletter where we cover the main super, tax and retirement related policy announcements. Highlights include:
- YOUR FUTURE, YOUR SUPER: There will be relief that this year there was no tinkering to the super rules, and Australians should benefit from new measures that put the pressure on underperforming super funds.
- TAX CUTS BROUGHT FORWARD: As was widely speculated, personal income tax cuts have been brought forward to this financial year, providing immediate relief for 11 million Australians.
- INDUSTRY EXPERTS RESPOND: Tracey Spicer finds out what industry experts, including Noel Whittaker, Stephen Huppert and Bina Brown, think about the Budget announcements.
- CASH BONUSES FOR PENSIONERS: Those on the Age Pension will receive payments of $250 in December and March, and in aged care 23,000 new home care packages will be provided.
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. Read more.
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. Read more.
After much haggling, the Government’s latest package of super reforms aimed at tackling high fees and low performance has passed through parliament. Read more.
After much haggling, the Government’s latest package of super reforms aimed at tackling high fees and low performance has passed through parliament. Read more.
Now that the stage 3 tax cuts are law, most Australians will receive a tax cut in 2024-25. Until then, existing income tax rates and thresholds apply. Read more.
Now that the stage 3 tax cuts are law, most Australians will receive a tax cut in 2024-25. Until then, existing income tax rates and thresholds apply. Read more.
