On Tuesday 8 May, the Federal Government handed down its Budget for the 2018–19 financial year.
According to the Treasurer, this year’s Budget measures aim to provide tax relief to ordinary Australians, while supporting small-to-medium businesses and improving Australia’s essential services. The Treasurer claims that these measures will help to end Australia’s decade-long deficit and return a modest surplus of $2.2 billion by 2019–20. However, it’s important to remember that these are only proposals at this stage, and each proposal will only become law once it’s passed by Parliament.
Please click the button below to view our 2018 budget summary.
If you have any queries or concerns about any budget issues or wish to review your current plan, please do not hesitate to contact our office on 07 3720 1299 to arrange an appointment.
Lane Moses Pty Ltd ABN 56 092 186 117 trading as Wealth Fundamentals and its advisers are Authorised Representatives of Fortnum Private Wealth Ltd ABN 54 139 889 535 AFSL 357306.
The information (including taxation) contained within this document does not consider your personal circumstances and is of a general nature only - unless otherwise stated. Wealth Fundamentals strongly suggests that you should not act on it without first obtaining professional advice specific to your circumstances.
This publication cannot be reproduced in any form without the express written consent of the author.