The recent budget aligns with the election cycle, offering broad handouts rather than targeted cost of living relief. There was not much in the budget that hadn’t already been announced, except for the surprise tax cuts. While the Division 296 $3 million superannuation tax bill has lapsed, it remains included in the budget’s income projections, indicating Labour’s intention to continue pursuing this new tax. To watch the full interview, click the link and watch in AuzBiz.
Rob Gilmour is the Managing Principal of Wealth Simplicity. The information provided should not be considered personal financial advice as it is intended to provide general advice only. The content has been prepared without taking into account your personal objectives, financial situations or needs. You should seek personal financial advice before making any financial or investment decisions.