Below is a link to the summary of the 2019 budget delivered by the Government recently.
This year’s federal budget has a few sweeteners, which was to be expected with the next federal election only about a month away and the Coalition Government trying to make up ground in the polls.
The welcome news is the forecast return to surplus for the 2019-20 fiscal year.
Also note that proposed changes to Division 7A will be deferred from 1 July 2019 to 1 July 2020, and that there are some useful changes to superannuation that will benefit older pre-retirees.
Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.