On Tuesday 12 May, Treasurer Joe Hockey delivered the 2015 Federal Budget.
This Budget contained relatively few surprises with a number of announcements made in the previous weeks.
To help explain some of the key outcomes, I have included a two page 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:
- Reforms to the age pension assets test
- Support for small business – tax cuts and increased depreciation allowances
- Families support package with a focus on child care.
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 personal circumstances, please contact me.