2018 Federal Budget announcement

On Tuesday 8 May, the Government announced the Federal Budget. Proposed changes and initiatives included:

A new tax offset for low and middle income earners, up to $530 per year
Super accounts with small balances will have more protection from fee erosion and unnecessary insurance premiums
People receiving the Age Pension will be able to earn up to $300 per fortnight without it affecting the amount of their Age Pension
More aged care places to assist older Australians.

Read how these changes could affect your financial situation.