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
Julius Mather Examines with examples how this tax cut will benefit 10 Million Hard working
Northcity Accountants provides Tax services all over Australia visit