What will the 2019 Australian Budget mean for you?

What will the 2019 Australian Budget mean for you?

Thursday, 11th April 2019

With the date for the 2019 Budget having been confirmed as April 2nd, attention is turning to what the Treasurer may have in store for us in this pre-election budget.

In previous years we have seen a raft of measures which have impacted on the financial wellbeing of Australian Expats including:

  1. The removal of the CGT discount for non-residents
  2. The removal of the Main Residence Exemption for non-resident owners of Australian Property
  3. Changes to Superannuation including:
    • Increases in Preservation Ages
    • Reductions in contribution limits
    • The introduction of a $1.6m cap on the amount that can be moved into the retirement pension phase
    • The abolition of the transition to retirement income stream

What will the Budget bring?

  • Will the Main Residence Exemption gain a reprieve?
  • Will there be pre-election tax cuts or giveaways?
  • Will any of this matter if Labor win the election?

On 11th April 2019Ian Black, AAM Head of Wealth Solutions, will discuss the changes introduced in the Budget, how these will impact you and what you can do about them and the key Labor proposals likely to come in if they win the election in May. Ian will focus on the actions you should take to protect yourself from ever increasing taxes, both whilst you are overseas and after your return to Australia.

Speaker: Ian Black, Head of Financial Planning & Wealth Solutions

Time: 6.00 pm to 7.30 pm (Seminar commences @ 6.30 pm)

Cost: Complimentary (Wine & Light Refreshments Included)

Venue: AAM Advisory, CapitaGreen #06-01, 138 Market Street, Singapore 048946