Federal Budget 2025-26 summary

The Federal Budget, handed down on Tuesday 25 March, focussed on five key priorities, including cost of living relief, housing, and education.

Below are some of the key tax, superannuation and cost of living highlights you need to know:

• Personal tax cuts
• Medicare Levy low income thresholds increased
• Higher education loan repayment changes
• The missing Instant Asset Write-Off legislation
• Super Guarantee payable on payday from 1 July 2026
• Extra tax for super earnings for account balances above $3 million
• Energy bill relief
• Expanding bulk billing incentives
• Cheaper medicines

Please feel free to contact our office if you have any queries about these measures or how they may impact you in your circumstances.

This issue reflects the law when it was published. Tax and super rules change often, so please call us before acting on anything in it.