The government is cutting the tax rate #financialfreedom

The government is cutting the tax rate from 16% to 15% on 1 July 2026 for those earning between $18,201 and $45,000, dropping further to 14% in 2027. Add Medicare and you are looking at 15% then 16% effectively.
It is something. But it is not going to move the needle on the cost of living. With rates rising, fuel costs up and everyday expenses climbing, trimming a percentage point off the tax rate is tweaking around the edges. It will not be felt by most households in any meaningful way.
Robert Goudie is an Authorised Representative (No. 235974) of Consortium Private Wealth Pty (AFS Licence 495401)
General advice only. For advice specific to your situation, get in touch with our team.

#TaxCutsAustralia #CostOfLivingCrisis #AustralianEconomy #MoneyMattersAU #FinancialReality