Summerhill Financial Services, based in Australia, provides of financial planning services to help build, manage and protect your wealth.
Taken at the Pink Palace at Monaco in September 2004
Changes across tax, super and Centrelink were announced today as part of the Government’s Mid-Year Economic and Fiscal Outlook (MYEFO). With a need to find cost savings, some concessions have been cut and others deferred for another year.
A summary of new announcements is outlined below. These measures are proposals and legislation still needs to be introduced. (more…)
In the 2008-09 Budget, the Federal Government announced measures to reform income tests across the tax and transfer systems; these will come into effect from 1 July. This includes now taking into account items such as salary sacrifice superannuation contributions in benefit calculations. (more…)
The changes to the Family Tax Benefit will affect most recipients in some way. Along with a change in “income” definition, from 1 July, some people may need to provide additional information to Centrelink to receive the right amount of family assistance. (more…)