Federal Budget 2025-2026
The Federal Budget, handed down on Tuesday 25 March, focussed on five key priorities, including cost of living relief, housing, and education.
Below are some of the key tax, superannuation and cost of living highlights you need to know:
- Personal tax cuts
- Medicare Levy low income thresholds increased
- Higher education loan repayment changes
- The missing Instant Asset Write-Off legislation
- Super Guarantee payable on payday from 1 July 2026
- Extra tax for super earnings for account balances above $3 million
- Energy bill relief
- Expanding bulk billing incentives
- Cheaper medicines
For further information, please call the Colledges team on (03) 9851 6500 or email us at hello@colledges.com.au.
