Budget 2018: Families

May 9, 2018

Depending on what type of family you are, the 2018 Budget
may or may not affect you. Here’s a financial overview of what families can be
prepared to expect in 2018/19. 

Child Care Subsidy threshold:

  • From
    2 July 2018 families with a combined income of $187,000 or less will no
    longer have a limit on the Child Care Subsidy.

Concessional tax rates for minors:

  • From
    1 July 2019, the concessional tax rates available for minors receiving
    income from testamentary trusts will be limited to income derived from
    assets that are transferred from the deceased estate, or the proceeds of
    the disposal or investment of those assets.

Your Link to Growth

A long time vision for us, Your Link to Growth reflects our approach and aspirations to assist our clients, staff and community to reach their goals. We do this through holistic and innovative financial solutions for businesses and individuals. Founded in 2004, we are a well established business based in Canberra and Brisbane.

Learn more about Nexis

Get in touch with Nexis

Talk to our friendly team today about all your tax needs.

Other news

Go the Monaro Panthers FC!!!

Nexis are proudly sponsoring the community league players of the Monaro Panthers again. This includes all teams from under 12’s to under 18’s. Monaro Panthers is a premier league football club based in Queanbeyan that has been running since 1967. We feel very...

read more