Aspire Retire

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[Aspire Retire @AspireRetire]

Can you afford to retire? With @Lisa_Wilkinson & @karlstefanovic on @TheTodayShow https://t.co/HVBDpvoMZ0

[Olivia Maragna @oliviamaragna]

Here are the taxes! Treasurer says we’ll also introduce a minimum 30 per cent tax rate on capital gains from July next year, and on discretionary trusts from July the year after. #budget2026

[Olivia Maragna @oliviamaragna]

Here are the taxes! Treasurer says limit negative gearing for residential property to new builds from July next year.

And we’re replacing the 50 per cent capital gains tax discount with inflation‑adjusted indexation, to restore the taxation of real gains.

#budget2026

[Aspire Retire @AspireRetire]

📢 Superannuation Tax Changes Announced

The Govt has refined its proposed changes to super tax concessions for large balances:

💰 30% tax on $3M–$10M
💰 40% tax on $10M+
📈 Thresholds to be indexed
⏳ Start date delayed to 1 July 2026
💼 Applies to future realised earnings only

[Aspire Retire @AspireRetire]

No further announcement was made on the additional tax on super earnings for those with more than $3 million inside the super system. The lack of further announcements is an indication the Government isn’t budging. #Budget2024

[Aspire Retire @AspireRetire]

Extending the $20,000 instant asset write-off. Small businesses with annual turnover of less than $10 million will be able to immediately deduct eligible assets costing less than $20,000 until 30 June 2025. #Budget2024

[Aspire Retire @AspireRetire]

Hecs/Help debt - capping indexation of student loans to either the Consumer Price Index or the Wage Price Index, whichever is lower backdated to mid‑2023. #budget2024 #notnew

[Aspire Retire @AspireRetire]

From July 1, Australians will receive an energy rebate of $300 – and one million small businesses will get a bit more. #Budget2024

[Aspire Retire @AspireRetire]

The Reserve Bank (RBA) has left the cash rate unchanged at 4.35 per cent, acknowledging that further rate hikes aren’t out of the question.

[Aspire Retire @AspireRetire]

Reserve Bank (RBA) has made its interest rate decision today – leaving rates on hold.
This decision aligns with market forecasts, particularly in light of the softer-than-anticipated Consumer Price Index (CPI) data.

[Aspire Retire @AspireRetire]

The Reserve Bank of Australia (RBA) has left the cash rate on hold at 4.1 per cent.

[Aspire Retire @AspireRetire]

The Reserve Bank of Australia has lifted the cash rate 25 basis points, bringing the cash rate to 4.10%.

[Aspire Retire @AspireRetire]

Well, no surprises with superannuation and a very modest Federal Budget. Here is our summary! https://t.co/8C9HYNV1dQ

[Olivia Maragna @oliviamaragna]

In this Budget for Australian small business..
A $20,000 instant asset write‑off.
A new Small Business Energy Incentive to support investments in power saving assets.
And new help for small businesses to adopt and adapt to digital technology. #Budget2023 #treasurersays

[Olivia Maragna @oliviamaragna]

The Treasurer has announced the following revenue measures:

Tightening superannuation tax concessions for those with balances exceeding $3 million.
A 15% global and domestic minimum tax for large multinational companies.
And extending tax compliance programs. #Budget2023

[Olivia Maragna @oliviamaragna]

The Treasurer has said they will strengthen Medicare including $3.5 billion to triple the bulk billing incentive for the most common GP consultations for children under 16 years, pensioners and other Commonwealth concession card holders. #Budget2023

[Olivia Maragna @oliviamaragna]

From July 2026 employers will be required to pay super at payday, rather than quarterly to try to avoid the large amount of unpaid super. #Budget2023

[Olivia Maragna @oliviamaragna]

#Budget2023 There is no change to the planned stage 3 tax cuts coming in next year. #dontholdyourbreath

[Aspire Retire @AspireRetire]

The RBA has increased the official cash rate by 0.25% to 3.85%. This marks the eleventh hike to the cash rate since the tightening commenced 12 months ago in May 2022.

[Aspire Retire @AspireRetire]

The Reserve Bank has hiked rates again today to 3.6 per cent, from 3.35 per cent.  That is the highest level since 2012.