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On Tuesday 6 October, Treasurer Josh Frydenberg handed down the 2020 Federal Budget. Below, we have summarised some of the key take-outs to be aware of.
Calling it a budget to “rebuild our economy and secure Australia’s future” Mr Frydenberg has pledged a raft of key changes including tax relief for more than 7 million Australians, extension of the First Home Loan Deposit Scheme, support for businesses and reforms to help workers keep track of their superannuation.
Click on the links below to find out more.
Income tax cuts
Your future, your super
Increasing home ownership
Women’s economic security
Boost for seniors
Please note that some of these announcements are yet to be legislated and may be subject to change. We will keep you updated on all proposals through the QSuper website. You can also access all Budget papers here.
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Summary of Budget 2020: Your future, your super
Summary of Budget 2020: Women’s economic security
The Budget aims to provide further support to older Australians who wish to stay at home for longer