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The Bravien Breakdown
Last night the Rudd Government handed down its election budget.
The headline from Wayne Swan was bringing Australia back into surplus within 3 years (3 years ahead of schedule).
Although the bulk of last nights announcements were fairly subdued, we here at Bravien have put together a number of budget items which we feel may be of interest to you.
As always, if you want to discuss any of the points in these articles and how they may affect you, please do not hesitate to give us a call on 1300 BRAVIEN (1300 272 843).
Team @ Bravien
Advice | Superannuation | Retirement | Investment | Insurance
1. Taxation: click here to read more
- Tax break on interest savings
- Standard tax deduction for work-related expenses & costs of managing tax affairs
- Personal tax rates applicable from 1 July 2010
- Increasing the Medicare levy low-income thresholds
- Increase in the net medical expenses tax offset claim threshold
- Improvements in CGT small business concessions
2. Superannuation: click here to read more
- Permanent reduction to the superannuation co-contribution
- Superannuation co-contribution: Suspension to the indexation of the income threshold for two years
- Other minor amendments
3. Social Security measures: click here to read more
- Child Care Rebate
- Youth allowance: Extending eligibility and increased benefits for low income earners
- Special Disability Trusts — greater accessibility
4. First Home Saver Accounts (FHSA):
click here to read more
5. Henry tax review: click here to read more
