On the 3rd of May, Federal Treasurer Scott Morrison announced his budget in Parliament. There were many initiatives announced including significant amendments to the superannuation scheme.
Superannuation topics include:
Taxation topics include:
Families and social security proposals include:
AMP have provided a financial snapshot of the proposed changes. We are working behind the scenes to understand the impacts of these proposals should they become legislated and will be in touch with our clients to help them navigate a new economic climate.
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