HOMENEWS & VIEWSFEDERAL BUDGET 2009 ANALYSIS & SUMMARY

Federal Budget 2009 Analysis & Summary

MAY 4, 2009 7:47 AM

 

With an underlying deficit of $57.6 billion and the Government not expecting to see a return to surplus until 2015/16, this year’s Federal Budget focused on stimulating the economy and protecting jobs.

The budget includes a number of changes to taxation, superannuation and government pension benefits. Key changes include:
Reducing superannuation salary sacrifice concessions from 1 July 2009.
Progressively increasing the age pension age to 67.
Reducing the private health insurance rebate.
Extending the First Home Owners Boost
Introducing paid parental leave
examining the budget
Download the Wealth Focus 2009 Federal Budget Summary as a PDF file (79KB) or…
Watch an overview of the Budget with Gemma Dale, MLC technical expert, (flash file) (32Mb)
MLC budget 2009

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Where are the markets heading?

Where to next? Having suffered the worst calendar year for the ASX All Ordinaries index over the last century, we can assure ourselves that major falls are usually followed very quickly by some of the most

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