Federal Budget 2016/2017-welcome

Welcome 

Goodwin Chivas & Co. Newsletter - Budget 2016/2017 Special Edition

The Federal Treasurer handed down his first Budget at 7.30pm on the 3rd May 2016. The Budget sets out the government's economic plan to ensure Australia continues to successfully transition from the mining investment boom to a stronger, more diversified new economy.


Superannuation tax concessions were in the government's firing line last night. Due to the enormity of the budget changes to super we have provided two in depth articles below which summarise the super measures for accumulation and pension phase accounts. Assuming these changes become law, there will need to be time invested over the next year getting financial plans and strategies aligned to these reforms.


We also provide for you a summary of the key measures announced in the budget affecting small businesses and individuals:



The full Budget papers are available at www.budget.gov.au and the Treasury ministers' media releases are available at ministers.treasury.gov.au.


You can read the articles by selecting them from the menu at your left or click on the links in the text above. 


Please contact the team at Goodwin Chivas & Co if you have any concerns or queries.

The Goodwin Chivas & Co. team

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