CTBS 2016-2017 BUDGET REPORT
With an election looming there have been some significant changes affecting individuals, businesses and superannuation. 1. Targeted personal income tax relief From 1 July 2016, the government will increase the 32.5% personal income tax threshold from $80,000 to $87,000. This measure will reduce the marginal rate of tax on incomes between $80,000 and $87,000…
