Federal Budget Update October 2022 – Insights & Information

Whatever your situation may be, having the knowledge and the key facts in front of you is the first step toward improving your financial outcome. So we’ve put together a few documents to help you understand your options and hopefully make some savings along the way.

Check out these documents below, and don’t forget, if you have any further questions, you can always click here to drop us a message.  We’d be happy to help!

Federal Budget Update

Summary and key points of the October 2022-2023 Federal Budget.

Highlights

Here’s a quick look at the highlights covering Superannuation, Social Security and Family Proposals.

How it could affect you

This easy to follow presentation covers some of the key measures and what this could mean for you.

Government Cocontribution

An Australian Government initiative to help you save more for your retirement

Insurance Through Super

Purchase insurance through your super and gain a tax benefit

Personal Contribution

Claim a tax deduction for your personal contributions to super

Split Contribution

Splitting contributions may enable you to build super with your spouse and reduce tax

Spouse Contributions

Contribute to your spouse’s super to receive a tax offset and build retirement savings

Any advice on this site is general nature only and has not been tailored to your personal objectives, financial situation and needs. Please seek personal advice prior to acting on this information. Any advice on this website has been prepared without taking account of your objectives, financial situation or needs. Because of that, before acting on the advice, you should consider its appropriateness to you, having regard to your objectives, financial situation or needs.