Australian Federal Budget 2021

Article

Last night, The Hon Josh Frydenberg MP, Treasurer, handed down the 2021-22 Australian Federal Budget. Providing for a safer environment and incentives to increase spending by taxpayers to stimulate the economy remained a consistent measure and is in line with the October 2020 Federal Budget.

Announcements in the budget included the extension of the low and middle income tax offset (worth up to $1,080) for another 12 months, a number of superannuation announcements that could have a significant (and positive) impact on the wealth plans of many Australians as well as a focus on health issues for Australians.

Bryan Ashenden, BT’s Head of Financial Literacy, and his team have analysed the Federal Budget 2021-22 and broken it down into meaningful insights and tools to help you distil the information most relevant for your clients.  

Downloads and resources

Whilst it may be a return to the normal time slot for the Federal Budget in 2021, it may not be a normal Budget.
Webinar
With the 2021/22 Federal Budget delivered earlier this week, in today’s BT TechKnow podcast we revisit some of the key themes around aged care, superannuation and measures targeted for women.
Podcast
The announced changes to super from the 2021/2022 Federal Budget are over 12 months away from taking effect. But what opportunities could they present to clients if enacted? In this week’s podcast we look at this in more detail, with a focus on the increased ability to contribute to super for longer.
Podcast & PDF

Disclaimer:

The content in this page has been prepared for use by advisers only and must not be made available to any client.

This content has been prepared by BT, a part of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian Credit Licence 233714 (Westpac) and is current as at 12 May 2021.

The information regarding taxation and legislative change is based on policy announcements which are yet to be passed as legislation and may be subject to future change.