• Shaun O'Keefe I Financial Adviser

How much tax savings will you get?

Updated: Oct 21, 2021

The Federal Government’s 2020 Budget revealed some nice tax cuts for most tax-paying Aussies. More money will be kept in your pocket - but just how much exactly?


Usually, after a big political event such as the Federal Budget, you'll see so much information being thrown around email and over the internet that it's hard to find concise details. I’ve found a pretty easy to read article on the ABC news site here which gives a good overview of the tax cuts - and as a bonus gives you a tax savings calculator the play with.


Go ahead, plug in your income and see for yourself. The calculator will show your estimated tax savings for this year and over the coming years. I liked it and thought you might too.

 

Shaun O'Keefe thinks that families are important. He's found that he can help more people, more effectively when he helps families. As a fee-based financial planner, he works with families just like yours to bring personal values and financial resources in line so that you can keep focussed on the priorities in your life.


The information contained in this article is general in nature only. It is not intended to be a recommendation, offer, advice or invitation to purchase, sell or otherwise deal in securities or other investments. Before making any decision concerning a financial product, you should seek advice from an appropriately qualified professional. We believe that the information contained in this document is accurate. However, we are not specifically licensed to provide tax or legal advice and any information that may relate to you should be confirmed with your tax or legal adviser.

7 views