Processing now, thanks for your patience

Federal Budget 2018 Highlights

What the Budget means for you

If you’re retired or thinking about retirement, there are some important changes on the way.

This year’s Budget was largely positive for older Australians and pensioners. New tax rules are aimed at leaving Australians with more money in their pockets and improving flexibility for those entering retirement. Remember, these Budget announcements are only proposals at this stage and won’t become law until they pass Parliament.

The 2018 Federal Budget focused more on minor reforms to super and retirement rather than the sweeping changes we saw the past two years. Working Australians will have more in their pockets this year. However, the personal tax cuts announced are relatively modest over the near term, with more meaningful tax relief slated for 2022 to 2023.

The key changes to super and retirement mean that older Australians have more flexibility in planning for their retirement.

Find a Seminar
A great way to learn all the ins and outs of retirement planning.

Aware Super Pty Ltd ABN 11 118 202 672, AFSL 293340, the trustee of Aware Super ABN 53 226 460 365. Financial planning services are provided by our wholly owned financial planning business Aware Financial Services Australia Limited, ABN 86 003 742 756, AFSL No. 238430.
This information is of a general nature only and is not specific to your personal objectives, personal situation or needs. Before making any decisions based on this information you should consider its appropriateness to you. Every effort has been made to ensure the information is accurate. We strongly recommend that you consult a financial planner before taking action and review the relevant Product Disclosure Statement.
Past performance is not an indicator of future performance and future performance is not guaranteed.