#EveryoneNeedsaPlan To Understand the 2022-2023 Federal Budget Boredom

Unfortunately, this was not a very exciting federal budget .... boring .... yawn-fest.  There are only a few key individual measures worth noting (all the rest is pretty much inconsequential to the majority of us):

• Low and Middle Income Tax Offset will increase by $420 in this current 2022 FY
• One-off $250 payment for Social Security payment recipients – including pensioners
• Single Paid Parental Leave scheme of up to 20 weeks paid leave
• Home Guarantee Scheme increase to 50,000 recipients per year

Obtaining advice from a suitably qualified tax professional will ensure you maximise any benefits from the 2022-2023 federal budget.

McKinnon Financial Planning coordinates all tax requirements for Total Service Clients, so do not hesitate to contact us and arrange your free initial appointment to discuss your financial requirements.