What does this budget mean for me?
With the next Federal Election due to be called any day, the Treasurer named five priorities for his fourth budget: helping with the cost of living, strengthening Medicare, building more homes, investing in education, and making the economy stronger.
He called it a plan for “a new generation of prosperity in a new world of uncertainty” that would help “finish the fight against inflation”.
The following paper provides highlights and a generalised summary of last night’s announced Federal Budget.
It is important to note that many of these announcements are yet to be legislated and care should be taken before implementing a financial strategy based on Budget announcements alone.
General Advice Warning:
This paper does not take into account your objectives, financial situation or needs. Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial product having regard to your objectives, financial situation and needs. Please ensure you speak to your financial adviser of your accountant prior to implementing any changes to your personal financial position.
