Five ways to make your tax cut work for you

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The Treasurer wants us to spend big to help pull the economy out of recession, but is that the best option for your financial situation?

And because the tax cuts are coming out slowly with each pay cycle, you may not even miss it, if you just ask your employer to increase your super contributions, Ms McCallum says.after-tax contribution to your super fund,If you put an extra5. Invest it.

You don't need to be very fancy to do itbuying sharesAustralian stocks took a dive in March. They've slowly been on the up, but haven't returned to pre-COVID-19 levels yet."You should ideally be investing for at least seven years."authorised broker to buy shares on your behalfAnd the minimum amount of shares you can buy is are taxable, so consider putting them in the lower-income earner's name," Ms McCallum said.

 

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The stupidest form of budget reporting.

Stop reporting TAX CUTS as SPENDING? It's FOREGOING REVENUE, NOT SPENDING! Spending would be building public housing taking advantage of low interest rates and employing all those 'tradies' the PM loves standing in front of! auspol MorrisonDepression Budget2020

What a missed opportunity. Could have embraced renewable technologies to set us up for next 100 years. All we get is Corporate welfare not even likely to stimulate jobs. Worse than that the size of this budget means there is no chance of fixing this disaster for decades to come.

I should have more money, then I'd get a lovely tax cut. As it stands, thanks for nothing. Again.

Hallo I of Indonesia. Subscribe and follow ya.. I is name chanelendangs

If you are Lucky enough to have a job

Labor's Higher Income Tax 2019 Hmm Still Labor policy today?

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Liberals have a 'track record' of lowering tax: Finance Minister | Sky News AustraliaFollowing speculation the government will bring forward income tax cuts, Finance Minister Mathias Cormann has pointed out the Liberals have a “track record” of looking for opportunities to lower the tax burden on hard working families. \n\n“Personal income tax cuts put more money into workers pockets,' Mr Cormann said. \n\n'They boost take home pay for hard working Australians.\n\n“It’s always something that we are committed to pursue where that makes sense.” \n MathiasCormann Isn't he leaving..wish he'd hurry up MathiasCormann What a load of crap. MathiasCormann Gina Rinehart is a 'hardworking family'?
Source: SkyNewsAust - 🏆 7. / 78 Read more »