Both the Government and Labor have made impressive commitments to infrastructure, but it focusses heavily on roads and rail. Australia’s economic potential depends on more essential services.
Tag Archives | budget
It’s an election budget with money to spend, driven by income and company taxes. It again relies on China, so as the economy and global growth stalls, the long-term revenues are doubtful with spending locked in.
In the 2019/2020 Federal Budget, the Government made few changes to superannuation rules to assist retirement planning.
In our Federal Budget 2019/20 coverage, we present summaries and analyses of the Budget from Cuffelinks’ sponsors, including newsletters and videos, plus a summary of Labor’s overall strategy.
The Budget surplus in the 2018-19 year is mainly due to fortuitous tax revenue gains from the mining boom. In the past five years, government spending has risen by an incredible 21%.
A one-off payment to assist with rising energy bills will be paid to almost four million Australians before the end of the 2018-2019 financial year (assuming legislation passes), but who qualifies?
From 1 July 2020, Australians aged 65 and 66 will be able to make voluntary superannuation contributions, both concessional and non-concessional, without meeting the Work Test.
Sections of the superannuation industry presented a wishlist to Government for the 2019 Budget. How many changes made it into Josh Frydenberg’s document? None of the significant ones.
Aged care measures announced in the Budget go only part of the way to improving the system. With a waiting list for Home Care packages exceeding 100,000, we need more effective change.
The latest budget has shone a spotlight on the need for super funds to better consider and support members’ retirement outcomes once they move into the decumulation phase.
The 2018 Budget features cuts to personal income taxes and changes to retirement income policies. There’s plenty of money on infrastructure to boost jobs and ease congestion.
Lower profits and dividends? Lower deposit rates? Higher home loan rates? Higher fees? Lower bank salaries and bonuses? Dumping or an increase? Where will the cost of the bank levy go?
Budget 2017 outlined two changes to superannuation rules, both in an attempt to improve home affordability. One makes a small reduction in the tax burden for savers, while the other allows more money into super.
A conversation with Government officials on the proposed super changes shows there is some logic behind those numbers.