On Tuesday 8 May, the government handed down its Budget for the 2018–19 year, which is likely to be the final Budget before the next federal election. It’s therefore hardly surprising that the Coalition promised to deliver a suite of tax cuts for individuals at various income levels, as well as a range of incentives to support older Australians.
Here are some of the key Budget announcements. Note that each of these proposals will only become law if it is passed by Parliament.
If you’re a working Australian woman with kids in your mid to late 40’s right now you’re probably aware that something is not adding up with regard to your finances. Except for very astute female investors, independent business women or those from “old money,” you’re quite possibly going to be one of the 1 in 5 Australian women yet to retire who will have insufficient retirement savings.
According to research conducted by the Financial Planning Association of Australia, one out of every four Australians experiences acute stress levels over finances
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