News

Child Care Subsidy

The Government has earmarked $3.5 billion in new money for childcare assistance over five years. From July 1, 2017, parents can access the Child Care Subsidy – based on family income – that will contribute a percentage of the overall childcare fee parents pay. (more…)
Changes to Age Pension assets testing

Changes to Age Pension assets testing

The Government has announced it will adjust the threshold for assets tests on the pension. Previously, singles over the age of 65 with assets (excluding the family home) of less than $775,000 were able to claim the part pension, however the new limit will now be $550,000. The maximum assets…
Netflix Tax

Netflix Tax

The Government is set to profit from overseas businesses supplying digital products and services to Australians, which will be subject to GST from July 1, 2017. (more…)
Bracket Creep

Tips to beat tax bracket creep

bracket creep The government has said it is looking for ways to combat bracket creep – like making smaller brackets or adjusting them for inflation – but in the meantime, here’s how it affects the average working taxpayer. Jackie earned $179,000 a year (excluding super) during 2014-15. She sat in…

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