Budget Highlights 2018

Budget Highlights 2018 The Australian Government announced its Budget for the coming year on Tuesday 8 May 2018 (with implications for the ‘forward estimates period’ and beyond), heralding it as ‘A budget to strengthen the economy, create jobs and guarantee essential services while ensuring the Australian Government lives within its means…’. Some highlight features of the Budget are that it – delivers personal income tax cuts,extends/ provides incentives for small [...]

By |2021-06-30T09:38:12+10:00May 10, 2018|Market Updates|0 Comments

Budget Highlights 2017

Each year after the Federal Treasurer brings down the government’s budget (or at least its aspirations of such) for the ensuing year, we summarise highlights for the benefit of our readers1. ContinuumFP’s Budget Highlights 2017 focuses on the usual key areas of Taxation, Superannuation and Social Security (Centrelink); and this year, Housing (Affordability) merits a mention. On 9 May 2017 (at 7:30 pm), Scott Morrison (Federal Treasurer) presented the Budget under [...]

By |2017-07-31T15:06:06+10:00May 16, 2017|Market Updates|0 Comments

Budget Highlights 2015

Please note the following announcements made on 12 May 2015 are the Budget Highlights as we see them. Before acting on any of these announcements please speak to one of the advisers at Continuum Financial Planners, to ensure it is appropriate to your personal situation. The following budget highlights are summarised from the 2015 Federal Budget issued by the Australian Treasurer. They are posted as an alert only: it will be important to [...]

By |2017-07-31T11:40:01+10:00May 3, 2016|Market Updates|0 Comments

Interest cost deductibility

Interest cost deductibility saves tax, lessens borrowing costs Interest cost deductibility is one of the factors considered in making a decision as to whether to gear an investment. Gearing is a popular strategy used by many Australians to improve their wealth. Popular investment assets acquired in a geared portfolio include rental property (residential, commercial, industrial etc), shares and managed funds. The cost of borrowing for an asset/ portfolio that is income producing, is significantly less [...]

Financial Year end checklist 2013

The financial year end checklist 2013 contains tax-effective strategies that may be effective for you - depending on your personal financial and taxation circumstances. Employees, professionals, contractors or self-employed business operators (carrying on business under a structure) may benefit from them, but you should confirm any proposed course of action with your accountant, tax agent or financial planner before acting on them. As the financial year draws to a close [...]

By |2021-05-26T20:17:08+10:00June 20, 2013|General|0 Comments
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