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Wed, 1 May 2024

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Wed, 29 May 2024

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What a Coalition Government means for personal wealth and investment Posted on May 21, 2019

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Workers: Workers making between $48,000 and $90,000 will receive a tax cut up to $1,080 from FY 2019-2020. Workers earning over $180,000 have avoided higher taxes proposed by Labor.

Retirees: This group will retain their ability to receive franking credit cash refunds on Australian share dividends.

Housing: The government introduced a new $500 million First Home Loan Deposit Scheme for first home buyers to get a foot in the door. This will enable 10,000 first home buyers to buy a home with a 5% deposit.

Health: The government has pledged to lift the Medicare rebate freeze by July 1. It has also promised $461 million for youth mental health and suicide prevention with added funding for adult mental health.

Share market performance: Australian shares soared to an 11-year high on Monday following the re-instatement of a Coalition Government. Equity strategists suggest that the risk of Labors tax-cut agenda was removed. The Coalition has stuck to its ‘no-change’ agenda, and the markets love stability. These are predicted to fall in coming days due to broad selling in the tech sector across Europe and New York.

We are hosting a Post-Election Workshop next Wednesday 29 May. The 90-minute session is free to attend, and will aim to address the questions small business owners and investors have under a Coalition Government. If you would like to attend, register here. If you would like to submit a question or topic you would like us to address, please do so here.

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Discover the difference that the right advice can make

Get in touch with our team today and learn how you and your business can grow to the next level. 

be better off.

talk to us Discover the difference that the right advice can make

Get in touch with our team today and learn how you and your business can grow to the next level. From structuring to sustainability, we'll help you reach your financial goals and live the lifestyle you deserve.

be better off.