On Tuesday 3 May, Treasurer Scott Morrison delivered the 2016 Federal Budget.

To help explain some of the key outcomes, I have included a Federal Budget Fact File that outlines the high level impacts of this Budget on key financial planning strategies. This Fact File covers important topics affected by the Budget such as:

  • Significant changes to super contribution caps
  • Reduced tax concessions on super contributions for high income earners
  • Tax benefits for low and middle income earners and small businesses

I hope you find this Fact File useful. If you’d like to discuss any of the Federal Budget announcements and how they may affect your financial plan, please contact me on 9960.6000 or aramsay@nsfp.com.au to arrange an appointment.

This newsletter contains general advice. It does not take into account your individual objectives, financial situation or needs. You should consider talking to a financial adviser before making a financial decision. 

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