Harness Financial Services

As we approach the end of the 2024-25 financial year, it’s a great time to review year-end superannuation strategies and get ready for the new financial year.

Harness Financial Services - May Newsletter As we approach the end of the 2024-25 financial year, it’s a great time to review year-end superannuation strategies and get ready for the new financial year.

The Government proposed the introduction of new personal income tax cuts from 1 July 2026. The tax rate for taxable income between $18,201 and $45,000 will be reduced from 16% to 15%, and further to 14% from 1 July 2027. This will result in tax cuts of up to $268 in 2026-27 and up to $536 in 2027-28

Harness Financial Services - Newsletter