On Tuesday evening 29th May 2022, Treasurer Josh Frydenberg handed down the 2022 Federal Budget.
Some of the main measure include:
• 20% additional deduction for skills training and digital adoption
• The extension of various apprentice wages subsidies
• An increased income tax offset of up to $1,500 for low and middle income earners
• $250 cost of living payment for various welfare recipients
• Further relief for first home buyers
• 50% reduction in fuel excise.
This year's budget proposes positive changes to superannuation, an extension of the low and middle income tax offets, and a grant to aged care services.
Download our FEDERAL BUDGET SUMMARY to discover how the proposed changes could affect your financial position.