2018 Federal Budget

Want to know how it affects you?  Here are the highlights:

• Up to $530 tax savings (per peron) for low and middle income earners 
• $20,000 instant business asset write off has been extended to 30 June 2019
• 1 year exemption from work test for recent retirees (with less than $300,000 in superannuation savings)
• Superannuation fund exit fees have been banned
• Home care services and residential aged care funding has increased
• Medicare levy is to remain at 2%

For further details watch this Budget Wrap from MLC while you enjoy your morning coffee (it's about 7 minutes).

Please don't hesitate to contact us if you have any queries.