Did you catch the Budget this year?
No? That’s okay – we watched it for you!
Now that the dust has settled, we’ve collated the key points from the night and dissected what exactly they mean for you.
Whether you’re a member of Gen Y, are a little older in the wealth building stage of your career, or are about to retire/are a recent retiree, we have broken the jargon down into clear, digestible insight bursts.
Discover insights relevant to your life stage in breakdown below.
Do you feel like a winner, or do you feel like a loser? As a Gen Y, you may feel a little of both. The Government’s attempt to address housing affordability will give first home buyers the option to save for their first home within their super account (a potential win). However they also lowered the HELP debt repayment threshold, meaning you’ll have to start paying your uni fees sooner (a potential loss).
But these are just two key take aways from the night – what else did the budget have in store for Gen Y?
This year’s Budget? A little quieter than normal. That’s the concensus regarding major announcements in this year’s Budget; but that doesn’t mean there’s nothing to report.
In our video wrap up Head of Advice Shane Light, and Managing Director and Senior Financial Planner Michael Williams highlight the main updates and what they mean for you, as Wealth Builders. Alongside this video, we’ve also compiled a fact sheet summarising the relevant updates.
Ready to downsize? You may be happy with what the Government has proposed. However, you might not be that happy as they have also announced reduced resedential property deductions for investors. But not all is lost! Download our fact sheet to learn more or book in to our economic briefing on Wednesday 24 May that has been specifically tailored with the Pre/Retiree in mind.
A lot to take in? We’re here for you! If you have any questions regarding the Federal Budget announcement or would like to discuss your specific circumstance in more detail, please do not hesitate to contact us or give us a call on 1300 726 082 and ask to speak a financial planner today.
General Advice Warning: This advice may not be suitable to you because it contains general advice that has not been tailored to your personal circumstances. Please seek personal financial advice prior to acting on this information.
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