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Budget 2020-21: The adviser edit

Budget 2020-21

The adviser edit
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Budget 2020-21: The Adviser Edit

The 2020-21 Federal Budget is a road to recovery paved with cash.

There will be a lot for advisers to do over the coming months to support clients maximise the 2020-21 Budget initiatives.

In this adviser focussed update, we explore the key Budget initiatives including:

  • Personal income tax cuts from 1 July 2020
  • A $4 billion ‘JobMaker’ Hiring Credit to encourage businesses to take on additional employees aged 16 to 35 years old
  • $110 billion in infrastructure investment over 10 years
  • Immediate deductions for business investment in capital assets
  • Changes to how companies can manage losses
  • Access to generous tax concessions for a wider range of businesses
   

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