2017 Federal Budget – In Brief

The 2017 Federal Government Budget has been announced and focuses quite a lot on ‘health, home and housing’. 

An increase in the Medicare levy is on the cards to fully fund the National Disability Insurance Scheme (NDIS), first home buyers will be able to save for a house deposit in a concessionally taxed way via their superannuation fund, and those aged 65+ will have the opportunity to contribute proceeds (up to a limit) from the downsizing of their principal residence to superannuation to help fund retirement, without having to satisfy the usual contribution rules.

BT Financial Group cover the finer points of the above measures, as well as other interesting points, in their short, succinct guide to the Federal Budget, which you can access below.

Your guide to the Federal Budget