Introduction

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Welcome to the Whole Wealth analysis of the government's Federal Budget 2018/19. Like many predicted it is an election budget with plenty of carrots to entice the masses to vote for the LNP. Luckily for the government, the economy gods have smiled upon them, giving them a growing global economy, which in turn has given Australia a growing economy and more money in the treasury coffers then they had projected previously.  

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Like all budgets they are contingent on the proposed legislation to pass the House of Representative, the Senate, and receive the Royal Ascent from the Governor General (usually a given). Currently the government has the majority in the House of Representatives but will have to work with the Senate to pass the bills.

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The first round of tax cuts will be implemented post elections so are dependent on the Liberal being voted into parliament. The more significant tax cuts come into play 7 years from now.

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There will also be major spending for infrastructure to commbat Australia increasing population. The lion's share of this spending will be distributed 

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It starts off with tax cuts for more than $10 million Australians. For those earning up to $90,000 will save about $530, 

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Principal Wealth Strategist 

Guy Rasmussen

Update

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The Tax Time 

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Last month we had the 2018/19 Federal Budget 

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The Budget 

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Last month we had the 2018/19 Federal Budget 

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Whole Wealth Portal

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Ou

Property

Hobart leads the way.

Shares

April was an unusual month in the Australian sharemarket. The market rose by 4% across the month. The unusual element was how smooth that rate of growth was. Here is how it looked on Yahoo Finance

Family

Brayden

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Brayden has just finished his first term of

Articles

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LEGAL STUFF