Home » Uncategorized » Scott Morrisons Tax plan 18/19….Review By Julius Mather Senior Partner Northcity Accountants

Scott Morrisons Tax plan 18/19….Review By Julius Mather Senior Partner Northcity Accountants

Building on the Government’s Personal Income Tax Plan

Our tax system must be fair for all Australians, one that provides reward for effort.

The Government is delivering a better tax system through its legislated Personal Income Tax Plan. The
plan delivers lower taxes for low- and middle-income earners. It puts more money back into the
pockets of hard-working Australians.

Disciplined fiscal management has allowed the Government to enhance the plan, providing further
tax relief to most Australian taxpayers.

From 2018-19, the Government will further reduce taxes for low- and middle-income earners to ease cost of living pressures and support consumption growth. Low- and middle-income earners will have their tax reduced by up to $1,080 for single earners or up to $2,160 for dual income families, after lodging their tax returns as early as 1 July 2019.

The new targeted offset will benefit over 10 million low- and middle-income earners.

The Government’s enhanced plan will increase the rewards for effort and ensure that hard-working
Australians will keep more of what they earn if they get a promotion or choose to work additional
hours.

Julius Mather Examines with examples how this tax cut will benefit 10 Million Hard working
Australians

 

Northcity Accountants provides Tax services all over Australia visit

northcityaccountants.com.au

 

 

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