Treasurer Josh Frydenberg delivered the Federal Budget on Tuesday 11th May 2021.
With the main aspects of the budget being an overall increase in spending, here is a guide and explanation by Fiducian of some of the key highlights, that include; low and middle income tax offset to be extended, updated Medicare low income thresholds, Superannuation guarantee threshold removed, downsizer contributions age lowered, super saver scheme increased and more.
Thomson Reuters summarise the key announcements of the May 2021 Federal Budget in this special Budget edition of the Client Alert.