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On Tuesday 11 May, Treasurer Josh Frydenberg handed down the 2021 Federal Budget. Below, we’ve summarised some of the key take-outs to be aware of.
“In the face of a once‑in‑a‑century pandemic, the Australian spirit has shone through. Doctors and nurses on the front line. Teachers and students in the virtual classroom. Businesses, big and small, keeping the economy moving. ‘Team Australia’ at its best.”
Calling it a budget to secure Australia’s recovery, the government has pledged a raft of key changes to support both saving and spending.
Click on the links below to find out more.
More super available for a house deposit
Super for more people
More super in general (SG increase )
Helping older Australians save
Income tax cuts for low/middle earners
Women’s economic security
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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