Finance & Fury Podcast

Welcome to Finance and Fury. This episode we’ll be talking about latest federal budget that was announced this week - and the implications this will have for individual There were many announcements in the budget – few good things like the reduced tax on innovated products – but we will be focusing on individuals Many of these announced changes haven’t passed legislation yet – but very likely they will – the budget for individuals focused on taxation, superannuation and housing Personal Income Tax cuts – not too much has changed here The Government continues its Personal Income Tax Plan with the announcement of a number of measures targeted towards low and middle-income earners – the changes to the tax rates is still expected to continue as planned The aim of this is to provide immediate relief to individuals and support economic recovery by boosting consumer spending Comes from the demand side of economics – allowing people additional income to spend more within the economy to boost GDP – as the majority o