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⏲ Duration: 1 min 80 sec
✓ Published: 07-Oct-2020
✓ Published: 07-Oct-2020
Description:
The focus of this year’s budget was economic stimuli, Treasurer Josh Frydenberg has announced a number of measures to boost Australia’s economy.n nTax cutsnAround 11 million Australians will benefit from reduced marginal tax rates that will be backdated to 1 July 2020. Those earning $40,000 or less will pay 20% less tax, and those earning $80,000 will pay 11% less tax.n nSuperannuationnWhilst there were no changes to either superannuation guarantee payments or the taxation of superannuat
The focus of this year’s budget was economic stimuli, Treasurer Josh Frydenberg has announced a number of measures to boost Australia’s economy.n nTax cutsnAround 11 million Australians will benefit from reduced marginal tax rates that will be backdated to 1 July 2020. Those earning $40,000 or less will pay 20% less tax, and those earning $80,000 will pay 11% less tax.n nSuperannuationnWhilst there were no changes to either superannuation guarantee payments or the taxation of superannuat
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