Author Archives: Joel Dobson

2017 Budget Update

2017 Budget Update   The federal budget was handed down on 9th May and here are important changes: Personal Income Tax From 1 July 2017, the Government will limit plant and equipment depreciation deductions to outlays actually incurred by investors in residential rental properties.  This means that no deduction will be available on any plant […]

Superannuation Changes

Superannuation Changes – 1 July 2017 There are a number of changes to superannuation that will come into effect from 1 July 2017.  The most important are as follows: The concessional contribution limit will be $25,000 (this has reduced from $30,000). The non-concessional contribution limit will be $100,000 with the 3-year bring forward reducing to […]