10 May 2023
Australian Federal Budget 2023
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
The Federal Treasurer Jim Chalmers has handed down his second Budget with a lucky return to surplus or was it just that we are being excessively taxed?
A few of key opportunities include-
- Energy Price Relief Plan
- Pay increases for aged care workers and more home care packages
- Small business $20,000 instant asset write-off
- Aligning employer Superannuation Guarantee payments with payday
- New 15% tax increase for super balances over $3 million
It is important to remember that these Budget announcements are currently proposals and will still need to be legislated.
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