
Courtesy SMSF Association
2019-2020 Federal Budget
Government delivers surplus, election friendly 2019-20 Federal Budget – Leaves superannuation largely untouched A surplus election budget is the news coming out of the 2019-20 Federal Budget. With superannuation left largely untouched, the Government focused on further personal income tax cuts. However, three key announcements include providing more flexibility for individuals to contribute at ages 65 and 66, the ability to choose their preferred exempt income tax method and