2019 Federal Budget

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

2019 Federal Budget

Personal income tax

  • Increases in the low and middle income-tax offset to apply in 2018-19. This benefit is quantified as $1,080 p.a. for individuals and $2,016 p.a. for a couple.
  • Other tax benefits (tax rates/thresholds and low-income tax offset changes) to commence in 2022-23 and later income years.

Business owners

  • Extension of the provision allowing small business to instantly write-off asset purchases increasing the per-asset threshold from $25,000 to $30,000 effective 2 April 2019.

Superannuation

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.