|
Good Evening Reader,
Never has a Federal Budget received such wide-spread attention as the 2009 Federal Budget.
With massive media hype, inter-generational facebook-connectivity, and the general level of heightened concern surrounding the management of the global financial crisis, this is the first time that even my children have had an opinion on the benefits or otherwise of this year's Federal Budget.
The 2009 Federal Budget more than any in the past 50 years is important because it sets the course of Australia's economic direction amidst the Global Financial Crisis that is still unwinding and seeping through the world economies. Our decisions to navigate these times prudently will be an enduring legacy we pass to our families and children.
Against this backdrop we have summmarised this year's budget, with a focus on investors and families, for your information including the following key announcements:
-
Halving the cap on concessional (deductible) super contributions.
-
Temporarily reducing the super co-contribution.
-
Removing tax deferral for shares issued under Employee Share Schemes.
-
Retention of previously legislated personal income tax cuts.
-
An increase to the maximum Age Pension payment for singles and couples.
-
A phased increase in the Age Pension age to 67.
-
Introduction of a Government funded paid parental leave scheme.
-
Introduction of a means test for the private health insurance rebate.
-
Wider eligibility for the Commonwealth Seniors Health Card.
If you require further information then please contact our office.
Robert Palma - Eden Wealth Management
A quick review focused on investors and their families. 
|
Contact Us