How the Budget may affect families

What you need to know!

  • The Budget is forecast to return to surplus in 2019/2020
  • There’s a 7 year plan to eliminate the 37% tax bracket
  • A major crack down on tax cheats to begin
  • The Medicare Levy remains at 2%
  • Superannuation – exit fees banned
  • Child care combined income threshold to increase to $187k
  • Aged Care – 14,000 home care places over the coming four years
  • Education – schools to receive an extra $24.5bn over 10 years
  • Infrastructure spending to increase including $1bn to improve traffic flow
  • Energy costs to reduce by $400 per year for each family from 2020
  • National security to be increased with $293.6m spend

Need to know more?… click here!

Amanda is the Adviser Director of Wealth Planning Partners. She is passionate about assisting her clients with The WPP Way, helping them Secure, Build and Succeed financially. She is Gold Coast based, but loves travelling domestically and internationally.

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