Federal Budget 2018

Please click the link below to view our research department's summary of the key measures from the Federal Budget.

Key items covered are :


  • Cuts to personal income tax rates
  • Changes to Medicare Levy


  • Work test changes for recent retirees
  • Ability to opt out of super guarantee contributions for some high income earners
  • Changes to insurance inside super
  • SMSF rules to change
  • Greater protection for those with lower super balances and banning exit fees
  • More retirement income choices for retirees

Social Security and aged care

  • Introduction of means testing of new income streams
  • Extension of the Pension Work Bonus
  • Extension of the Pension Loan Scheme
  • Access to aged care improvements