Budget 2018: Families

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.
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