What it means for you

Freeman, Peter
June 2010
Money (Australia Edition);Jun2010, Issue 124, p80
The article examines the tax and superannuation changes announced in the Australian federal government budget and in response to the Henry tax review. Treasurer Wayne Swan has announced that 50 percent of the first 1,000 Australian dollars of interest income earned by taxpayers will be exempt from tax. The article also reports on the increase in the compulsory superannuation contribution that employers have to make on behalf of their employees.


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