2024-25 Federal Budget – your 5-minute round-up!

It’s that time of the year again when the Australian Government unveils the Federal Budget, setting the stage for the nation’s economic direction. We help you find out all you need to know in this 5-minute read.

With the aid of a $9.3 billion surplus, Treasurer Jim Chalmers has announced a number of proposals to help Australians manage their finances, whether they’re paying off a student loan, looking for work or paying rent. There’s also a $300 energy bill rebate, cheaper medicine and superannuation for paid parental leave.

But with interest rates at generational highs, cost of living pressures and the ongoing debate about housing affordability, click this link for how the proposals might affect your household expenses and financial future. Remember, many of these proposals could change as legislation passes through parliament.

Should you wish to discuss how the proposals may impact your personal financial circumstances, please don’t hesitate to contact us.

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