How do the Budget proposals help you achieve your financial freedom?

With the passing down of the budget, it is important to understand how these proposed changes will impact your individual circumstances. Below are some key highlights we believe will impact you. Personal Tax The temporary budget repair levy of 2% tax placed on earnings above $180,000 will not be extended past 1 July 2017 There’s an increase in the Medicare levy of 0.5% from 1 July 2019 What does this mean for you? Simply put, higher income earners will enjoy the benefit of not extending the budget repair levy of 2%. However, the minor increase in the Medicare levy will apply to all tax payers except for low income earners who will benefit from an increase in the low-income earner threshold t

General Advice Warning:  The information and material on this site is very general and may not relate to your personal situation.

We encourage you to talk to us about your specific situation before making any decisions based on this information.

©2020 Wealth Peak Financial Advice is a Corporate Authorised Representative of its sister company Brela Group

AFS Licence Number: 512840 and ABN 80 629 633 898

North Sydney | | 02 9121 4545

  • LinkedIn - White Circle