2018-19 Federal Budget – what it means for investors
May 9th 2018 | Categories: Federal Budget |
The Treasurer delivered a 2018 Federal Budget that focussed on reducing the budget deficit, cutting taxes for lower and middle-income earners and supporting selective sectors of the economy, especially infrastructure.
For more detail, read on. If you have any questions about how this will impact you, please get in touch with one of our advisers to discuss.
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Saving a windfall with the hope of (decent) tax cuts to come
The 2018-19 Budget will be the last before the next election (due by May 2019) and so had to provide pre-election goodies but in a way that keeps the return to surplus on track. Thanks to an improvement in the budget position since the Mid-Year review, of around $7bn per annum, this has been made relatively easy. A modest fiscal stimulus will help households, but the main risk is that the revenue boost proves temporary.
Who are the winners from this year’s Federal Budget?
Implications for Investment Markets
What the Federal Budget means for retail investors
Impacts on infrastructure
If you would like to discuss how the budget will impact you and your financial situation, please get in touch with one of our advisers.
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What you need to know
This information is provided by Invest Blue Pty Ltd (ABN 91 100 874 744). The information contained in this article is of general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regards to those matters and seek personal financial, tax and/or legal advice prior to acting on this information. Read our Financial Services Guide for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relations to products and services provided to you.
Posted in Federal Budget
