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Budget 2021: Everything you need to know about changes to superannuation

Budget 2021: Everything you need to know about changes to superannuation
Source: Unsplash/Adam Winger.
The federal budget included help for low-income earners, first-home buyers and downsizers, but made no mention of the superannuation guarantee.
Here’s everything you need to know.
$450 threshold
The best superannuation news in the budget was aimed at the 300,000 Australians who are in work but receive no super.
The Treasurer announced that the $450-a-month income threshold below which employers do not have to pay super would be scrapped before the end of the next financial year.
Women in Super CEO Sandra Buckley said “this is a reform that we have been advocating for a long time”. ....

Ian Fryer , Ian Yates , Sandra Buckley , David Knox , First Home Super Saver , Pension Loan Scheme , ஈயந் பிரையர் , ஈயந் யேட்ஸ் , சாண்ட்ரா பக்லி , டேவிட் நாக்ஸ் , முதல் வீடு அருமை சேவர் , ஓய்வூதியம் கடன் திட்டம் ,

Government delivers on super threshold

The Government has delivered on its pre-Budget announcement around the $450 superannuation guarantee threshold and removal of the work test for older Australians. ....

Josh Frydenberg , Pension Loan Scheme , Budget 2021 , ஓய்வூதியம் கடன் திட்டம் ,

Federal budget 2021-22: Unpacking where money's being spent, and what it means for you

Big builds? You better believe it.
How do we pay for all this largesse? Thank the sugar hit from iron ore. Prices exceeded $US200 per tonne last week, driven by global demand and lower Brazilian output due to COVID-19. It’s hard to believe iron ore prices were “only” $US80/tonne in April 2020. Australia’s iron ore exports reached $AU116 billion in 2020, with Chinese imports exceeding 2019 totals, despite considerable bilateral trade friction.
Federal revenue growth from resources exports means budget repair should be more rapid. COVID-19 measures drove the 2020-21 budget into a $213 billion deficit, but strong minerals prices (despite coal’s fall) should improve the bottom line by $30 billion-plus. Moreover, Australians boosted household savings at a record rate in 2020, banking $130 billion, raising total deposits to more than $1.1 trillion. ....

South Australia , New South Wales , Jean Monnet , Hong Kongers , John Deere , Josh Frydenberg , Monash University , National Artificial Intelligence Centre , Coalition Digital Economy Strategy , Jean Monnet Chair , Treasurer Josh Frydenberg , First Home Buyer , Super Scheme , Pension Loan Scheme , Digital Economy , National Artificial Intelligence , Australian Financial Review , Global Talent Visa , Western Australia , Josh Frydenberg , தெற்கு ஆஸ்திரேலியா , புதியது தெற்கு வேல்ஸ் , ஜீன் மாஂட் , ஜான் தீரே , மோனாஷ் பல்கலைக்கழகம் , ஜீன் மாஂட் நாற்காலி ,

Federal budget 2021-22: Unpacking where the money's being spent – Monash Lens

How do we pay for all this largesse? Thank the sugar hit from iron ore. Prices exceeded $US200 per tonne last week, driven by global demand and lower Brazilian output due to COVID-19. It’s hard to believe iron ore prices were “only” $US80/tonne in April 2020. Australia’s iron ore exports reached $AU116 billion in 2020, with Chinese imports exceeding 2019 totals, despite considerable bilateral trade friction.
Federal revenue growth from resources exports means budget repair should be more rapid. COVID-19 measures drove the 2020-21 budget into a $213 billion deficit, but strong minerals prices (despite coal’s fall) should improve the bottom line by $30 billion-plus. Moreover, Australians boosted household savings at a record rate in 2020, banking $130 billion, raising total deposits to more than $1.1 trillion. ....

New South Wales , Hong Kongers , John Deere , Josh Frydenberg , National Artificial Intelligence Centre , Coalition Digital Economy Strategy , Treasurer Josh Frydenberg , First Home Buyer , Super Scheme , Pension Loan Scheme , Digital Economy , National Artificial Intelligence , Australian Financial Review , Global Talent Visa , புதியது தெற்கு வேல்ஸ் , ஜான் தீரே , முதல் வீடு வாங்குபவர் , அருமை திட்டம் , ஓய்வூதியம் கடன் திட்டம் , டிஜிட்டல் பொருளாதாரம் , தேசிய செயற்கை உளவுத்துறை , ஆஸ்திரேலிய நிதி விமர்சனம் , உலகளாவிய திறமை விசா ,

Budget splashes cash, with $17.7 billion for aged care and a pitch to women

The Morrison government has brought down a big-spending, expansionary budget that forecasts Australia’s unemployment rate will fall to 4.75% in two years time.
But Australia’s international borders won’t be properly open for at least a year, according to the budget’s assumptions.
“Australia is coming back,” Treasurer Josh Frydenberg told parliament on Tuesday night.
“Employment is at a record high, with 75,000 more Australians in jobs than before the pandemic.
This budget will help to create more than 250,000 jobs by the end of 2022-23,” Frydenberg said.
“This budget secures the recovery and sets Australia up for the future.”
The deficit for next financial year is expected to be A$106.6 billion, with cumulative deficits of $342.4 billion over the forward estimates. ....

Josh Frydenberg , Business Council Of Australia , Safe Travel , New Home Guarantee , First Home Super Saver , Pension Loan Scheme , Business Council , வணிக சபை ஆஃப் ஆஸ்திரேலியா , பாதுகாப்பானது பயணம் , புதியது வீடு உத்தரவாதம் , முதல் வீடு அருமை சேவர் , ஓய்வூதியம் கடன் திட்டம் , வணிக சபை ,