2022/23 Federal Budget analysis

Two Federal Budgets in one year – what a treat!

Nearly a decade after Labor’s last Budget, Jim Chalmers delivered his first Budget with only a few new proposals that may impact the financial planning space. Most of the relevant proposals were announced before Budget night, with many already in Bills making their way through parliament.

The Budget indicates the Government’s position on some unlegislated proposals announced by the former Coalition Government (most of which you would have probably forgotten about!). Unfortunately, the outstanding 2021/22 Budget proposal that would allow the commutation of certain legacy pensions for a limited two-year window was not mentioned.

Read the analysis which summarises the Budget proposals relevant to the financial planning space.

Source: www.fiducian.com.au

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