Yearly Archives: 2014

Budget changes effective from 1 July 2014

A summary of the budget changes effective from 1 July 2014 is below: • The personal tax rates for the 2014/15 income year are
Taxable income 0 – $18,200 $18,201 – $37,000 $37,001 – $80,000 $80,001 – $180,000 **$180,001 and over
Tax on this income* Nil 19c for each $1 over $18,200 $3,572 plus 32.5c for each...
Read More

2014 Federal Budget Summary

The message in the lead up to the 2014 Federal budget was the days of entitlements were over and everyone is required to contribute to repairing the deficit. A 2014 Federal budget summary outlining some of the key changes impacting individuals, families and businesses is below.

INDIVIDUALS

A temporary levy of 2% will apply to incomes about $180,000...
Read More