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10 May 2017

2017 Australian Federal Budget

The Federal Treasurer Scott Morrision has handed down his second Budget which included the following key measures.

  • The option for first home buyers to save for a home deposit through their superannuation capped at $30,000.
  • The option for individuals age 65 and over to sell their home and contribute $300,000 into superannuation.
  • An increase in the Medicare Levy from 2.0% to 2.5% from 1 July 2019.

Please remember that these Budget announcements are only proposals at this stage and will still need to be legislated to become law.

Click for 2017 Australian Federal Budget report.


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