Federal Budget 2018/19


We’ve had a look at what this year’s Federal Budget might mean for you


This year the government focused on insurance changes in super, fees on accounts with low balances, and redesigning Australia’s personal income tax system.


Our budget factsheet gives you a snapshot of these proposals:  

  • capping ‘passive’ fees and banning exit fees
  • transferring small and inactive accounts to Australian Taxation Office 
  • increasing the Medicare levy low-income thresholds
  • keeping the Medicare levy rate at 2%
  • overhauling the personal income tax system
  • a work test exemption for recent retirees
  • income products in retirement.


budget factsheet



You might also like

Do you know someone with a story worth celebrating?

Health and community services is full of ordinary people doing extraordinary things, day in, day out, across Australia. That's why we came up with the HESTA Awards Program.