The Turnbull government's first Federal Budget was presented last night by Treasurer Scott Morrison. Included in the budget were the anticipated changes such as the modest income tax cut to workers earning under $80,000, broad changes to superannuation and tax relief for small to medium business.
The media has been flooded this morning with reports on the budget and the changes that came with it but it is hard to know exactly how it affects you. As such, the ANZ and Millennium 3 Financial Services have created Fact Sheets for Advisers and Clients to give a clear understanding of the changes and what they mean for Australians.
An interview between ANZ Marketing representative Kate Hage and ANZ Wealth Spokesperson Ben Harrop also discusses these changes and how they will affect our clients. If you wish to view this video please click here.
If you have any questions in relation to the budget please contact your Adviser on (07) 5574 0667.
Wahlstrom Financial Services
Level 5, 128 Bundall Road, Bundall QLD 4217
P: 07 5574 0667
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Wahlstrom Financial Services Pty Ltd, ABN 43 078 015 988, is a Corporate Authorised Representative of Millennium3 Financial Services Pty Ltd ABN 61 094 529 987 an Australian Financial Services Licensee number 244252. Millennium3 Financial Services Pty Ltd and Wahlstrom Financial Services Pty Ltd are not responsible for the advice given regarding lending. This information (including taxation) is general in nature and does not consider your individual circumstances or needs. Do not act until you seek professional advice and consider a Product Disclosure Statement. The views and opinions expressed within this letter are those of the author and do not necessarily reflect those of Millennium3 Financial Services Pty Ltd.