The 2018/19 Federal Government was released on 9 May 2018.
For your convenience, our team has analysed The Budget paper and has prepared a report on the key findings that we believe are most relevant to you.
Of note, the Federal Treasurer Scott Morrison has served up tax cuts for low to middle income earners, assistance to help older people to stay in their homes for longer, and the abandonment of any increase in the Medicare levy is a win for many Australians. However, middle to high income earners do not see any significant relief until 2024.
If you have any queries in relation to our Federal Budget report or would like to discuss how these findings may impact you or your business, please feel free to contact your MPT advisor.
To view the report, please click here.