2025-26 Federal Budget
The Federal Budget, handed down on Tuesday 25 March, focussed on five key priorities, including cost of living relief, housing, and education.
Below are some of the key tax, superannuation and cost of living highlights you need to know:
- Personal tax cuts
- Medicare Levy low income thresholds increased
- Higher education loan repayment changes
- The missing Instant Asset Write-Off legislation
- Super Guarantee payable on payday from 1 July 2026
- Extra tax for super earnings for account balances above $3 million
- Energy bill relief
- Expanding bulk billing incentives
- Cheaper medicines
Please feel free to contact our office if you have any queries about these measures or how they may impact you in your circumstances.
Download newsletter:
2025 – 03 – MBS Monthly Update
Disclaimer & Copyright: All information provided in this newsletter is of a general nature only and is not personal financial or investment advice. Also, changes in legislation may occur frequently. We recommend that our formal advice be obtained before acting on the basis of this informatioe
