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Wednesday, 10 May 2017 01:12

Federal Budget 2017

Damian Toms, Senior Financial Planner from Mint Financial, has prepared an analysis on the 2017 Federal Budget. Damian is my go to person for Financial Planning services – hopefully you find the information below helpful.


Last night, Treasurer Scott Morrison delivered a Federal Budget for 2017 focused, on health, home and housing.

There were some changes that will impact financial plans in both a positive and negative manner. Some of the key measures include:

·  Increase in the Medicare Levy to 2.5% from 1 July 2019;

·  Introduction of a First home Super Savers Scheme that allows first home buyers to make voluntary pre-tax contributions to their super which can be used to fund a deposit on a home;

·  The ability for those over age 65 to downsize their home and make a non-concessional contribution to super of up to $300,000.

We are pleased to provide you with several resources to help digest the changes announced and how you may be affected. Feel free to forward this to your friends / family or colleagues who may benefit from a detailed overview of the Federal Budget 2017.

Resources:
1. We have updated our website with detailed information on the Federal Budget 2017 and the impacts for various clients. 
Head to our updated Federal Budget 2017 page here.

2. If you prefer a video overview, Bryan Ashenden, Head of Financial Literacy and Advocacy from BT Financial Group, has produced a short 7 minute video with the key points affecting investors. 
View the video on Youtube here.

3. Finally, you can download a 2 page snapshot of the key changes announced. 
Download the pdf here.

Please note that the measures announced are proposals only and are subject to change before being passed as legislation.

If you have any questions or concerns - please don't hesitate to get in touch with Damian directly at www.mintfin.com.au/contact 

Pass Go Home Loans Pty Ltd
Australia Wide Mortgage Broker
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The information herein is not intended as investment, financial, legal, taxation, building, development or any other advice and must not be relied upon as such. You should obtain independent professional advice and make further independent enquiries before making financial, legal, taxation, building, development or investment decisions.

Read 771 times Last modified on Wednesday, 10 May 2017 03:03
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