Budget 2021 Year

The Federal Government handed down its Budget for the 2021-22 financial year. Compared with last year’s record deficit of $213.7 billion,the underlying cash deficit is projected to decrease to $161 billion as the economy continues the path to recovery from Coronavirus

 

Some of the key Budget announcements that should be of interest to you and your clients include:

§ the removal of the work test for non-concessional and salary sacrifice contributions

§ a reduction in the minimum age requirement for downsizer contributions

§ anncrease in the amount of super savings available to first home buyers

§additional investment into aged care following a Royal Commission into the quality and safety of the system.

Click Here for more

Don't miss these stories:

Financial Services Guide
A Guide to Our Relationship With You
Grow Your Wealth Pty Ltd - AFSL 403509
download the pdf
Grow Your Wealth Privacy Policy PDF
download the pdf
Pershing Privacy Policy PDF
download the pdf
Pershing Securities’ FSG
download the pdf
CPD Policy
download the pdf