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Federal Budget 2016

Welfare safety net tightens

If you currently receive the Clean Energy Supplement think yourself lucky, as those who are granted an Age Pension after 1 July 2017 will not receive this additional payment.

Federal Budget 2016

Fairer, more sustainable super

In the words of Treasurer Scott Morrison, Budget 2016/17 is about “assisting older Australians by making super fairer”. So, has he delivered on his promise?

Federal Budget 2016

Reducing the tax burden

Bracket creep is often cited as the single-most damaging financial aspect of the average income earner. Well, relief is on its way for low and middle income earners.

Federal Budget 2016

Scott Morrison talks superannuation

Delivering a fairer superannuation system for older Australians is one of Treasurer Scott Morrison’s Budget 2016/17. Here’s why he thinks it’s so important.

Federal Budget 2016

What’s in the budget for you?

Treasurer Scott Morrison has delivered his first budget and as expected, there were few surprises in areas he targeted. So, how does Budget 2016/17 shape up for you?

Federal Budget 2016

Super tax concession cut confirmed

Confirming what we already suspected, tax changes will be the cornerstone of Budget 2016/17, with reduced superannuation tax concessions for the wealthy the big issue.

Federal Budget 2016

Budget – what do you want to know?

Next Tuesday, YourLifeChoices will be heading to Canberra to take part in the 2016/17 Federal Budget media lockup. If you were going with us, what would you ask the Treasurer?

Federal Budget 2016

Cuts to CGT could save budget

The political appetite for changes to capital gains tax (CGT) continues to grow with the Greens unveiling a plan that would raise $119.5 billion over 10 years.

Federal Budget 2016

States could collect income tax

A 2014 National Commission of Audit proposal, initially dismissed by then prime minister Tony Abbott, could see states and territories collect their own income tax.

Federal Budget 2016

Time to tax retirement income?

In the fourth of a series of articles focusing on possible changes to retirement income policy in the Federal Budget 2016/17, we discuss potential changes to tax on retirement investment earnings.

Federal Budget 2016

Frustration over tax plan confusion

Coalition backbenchers are becoming increasingly frustrated about the lack of clarity surrounding the Government’s tax plans and are calling for it to shed some light on the way nforward. n

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