2013 Budget - Personal Finance Summary
Opening CommentsThis election year budget has provided minimal substantive changes in terms of new financial planning strategies apart from restating initiatives that had already been announced. Some of the announced initiatives may provide opportunities or the need for changes to structuring of assets. However we need to keep in mind that the implementation of any proposed changes may be dependant on the result of this year’s federal election.
This summary will look at the following major changes grouped into 3 main areas:
Summary of major strategy considerations
Care needs to be taken in making changes to your financial planning strategy based on the measures announced in the budget due to the upcoming federal election. That said, take a look at the possible strategies here.