The Federal Budget has been released, and there are a number of changes which will affect Australian’s. For Individual’s, the Government is looking to increase the upper threshold of the 19% bracket from 1 July 2022 to $45,000. Beginning 2025 income year, the Government wants to decrease the marginal tax rate from 32.5% to 30%. Voluntary superannuation contributions for people aged 65 and 66 years will be allowed from 1 July 2020, with no work tests required. In addition, peo