Please click the link below to view our research department’s summary of the key measures from the Federal Budget.
Key items covered are :
Taxation
- Cuts to personal income tax rates
- Changes to Medicare Levy
Super
- Work test changes for recent retirees
- Ability to opt out of super guarantee contributions for some high income earners
- Changes to insurance inside super
- SMSF rules to change
- Greater protection for those with lower super balances and banning exit fees
- More retirement income choices for retirees
Social Security and aged care
- Introduction of means testing of new income streams
- Extension of the Pension Work Bonus
- Extension of the Pension Loan Scheme
- Access to aged care improvements
