Australian Federal Budget 2021-22

Last night, Josh Frydenberg MP, Treasurer, handed down the 2021-22 Australian Federal Budget. The new budget provides for a safer environment and incentives with a view to increase spending by taxpayers. Stimulating the economy remained a consistent measure and is in line with the October 2020 Federal Budget.

Announcements in the budget included the extension of the low and middle income tax offset (worth up to $1,080) for another 12 months, a number of superannuation announcements that could have a significant (and positive) impact on the wealth plans of many Australians as well as a focus on health issues for Australians. The federal Government is continuing to provide a safer environment and incentives to increase spending by tax payers to stimulate the economy.

BT has been kind enough to provide a plethora of documents that summarise the Australian Federal budget for 2021-22 which we have provided the links for your convenience.

Budget Summary - 2021-22

Investor Summary
Download PDF • 268KB

Economic Summary

Download PDF • 305KB

Bridging the gap

Bridging the gap
Download PDF • 261KB

Budget Super summary

Budget-summary super
Download PDF • 251KB

Child care Subsidy's enhancement

Download PDF • 160KB

Should you want to discuss how these new measure could effect your personal situation then please book a 15 min chat by clicking the link book a 15 min chat

Featured Posts
Recent Posts
Search By Tags
1300 13 59 53

Wealth Effect Group is an Authorised Representative of Boston  Reed Ltd ABN 89 091 004 885, AFSL 225738

“Andre Dirckze (AR 395157) and Beth Lavelle (AR 1238693) and Wealth Effect Group (CAR 424768) are authorized representatives of Boston Reed AFSL 225738 ABN 89 091 004 885”

As part of our continuing commitment to client service, the maintenance of client confidentiality and as required by law, Boston Reed  Limited complies with the Privacy Act 1988.

Wealth Effect Pty Ltd ATF Wealth Effect Unit Trust. ABN: 78 766 858 328  trading as WE Mortgage Solutions as an Authorised Credit Representative of BLSSA Pty Ltd Australian Credit Licence Number 391237,  Authorised Credit Representative :480612.

Any advice in this website is of a general nature only and all case studies are for illustrative purposes only. Please seek advice tailored to your own personal circumstances before acting on this information. 

© Wealth Effect Group 2019