Forrest Private Wealth

The team and I wish you a safe, joyful, and inspired Christmas with a New Year full of new horizons, vitality, and optimism. We look forward to working with you in partnership through 2023. Merry Christmas.

Peter Stevens
Director & Financial Planner

In case you missed it, last week, on the 29th of March 2022, the Government handed down its 2022-23 Federal Budget. With the next Federal election to be held in May 2022, this was not your typical pre-election spending promises Budget. A likely recognition of the significant level of Government debt from previous and forecasted budgetary deficits and the Government’s desire to be seen as being fiscally responsible in the current economic environment.

The major focus of the Budget was on the cost of living. And whilst the forecast “cash splash” may eventuate for some (Social Security Card holders and low and middle-income earners), for many of our clients, halving the fuel excise for the next six months was as good as it got.

The infographic below provides a neat snapshot:

Big changes to super are here! Check out the main highlights below.

We are always up to date with such changes, so you don’t have to be. As always, please get in touch to discuss the changes further.

Treasurer Josh Frydenberg has released the Government’s second COVID Budget. Where COVID I was all about saving the economy, COVID II is all about continuing its momentum to secure its recovery.

The key initiatives, outcomes, and potential opportunities are summarised here: https://forrestprivatewealth.com/budget-2021/