Tax

The Government released a big spending Budget last night. With an election likely to be called shortly and held in May, the Government is using this Budget to woo voters. It is important to remember that the Budget announcements are only proposals at this stage. Each one must be passed by Parliament before they are legislated.  Labor will respond with their Budget reply on Thursday night.
This month Andrew Starke of Kaplan Professional speaks with Shane Oliver, Chief Economist at AMP Capital about the recent plunge in global markets, his key themes for 2018 and the RBA’s February policy update.
What a rollercoaster of a ride in the markets so far in February! This month Andrew Starke of Kaplan Professional speaks with Tim Harcourt, the Airport Economist from the University of New South Wales, about the global trends likely to have the biggest impact on Australia in 2018.
The end of the financial year is always a busy time, whether you’ve been hanging out to do your tax return for months, or are struggling to piece together random receipts and paperwork at the last minute. However, it’s also a good time to review your financial affairs more broadly. After all, the best planning is done when you’ve got all the information in front of you.

As the government tries to bridge the ever-growing budget deficit, access to superannuation taxation benefits have been stripped back. Previously the tax advantages in superannuation truly were super and there’s no doubt the new legislation introduced in November 2016 weakens the benefits. The common misconception of...