The fringe benefits tax rate will be increased to 49% from 1 April 2015 Currently the FBT rate is 47%, however will increase to 49% from 1 April 2015 to 31 March 2017 (2 years) to align with the top rate of tax for high income earners (disregarding
Archives for May 2014
Increase of the Pension Age to 70 by 2035!
The Government is continuing the move by the former Government to increase the age pension age to 67 by 1 July 2023, by further increasing the Age Pension age to 70 by 1 July 2035. This doesn’t mean that you can’t retire before age 70; it just means
Family Tax Benefit
The Government proposes to reduce the primary earner income limit for the FTB Part B from $150,000 per annum to $100,000 per annum from 1 July 2015. Low income single parents will be assisted with a new proposed allowance of $750 per annum for each
Floods: did you know?
SPT Flood Brochure
