Federal Budget Report 2020
Changes to super, the bringing forward of tax cuts, and two lump sum
payments to those on the Age Pension are just some of the Government’s
proposed measures from the big spending 2020-21 Budget – released by
Treasurer Josh Frydenberg on Tuesday 6 October 2020.
There’s no doubt that this year’s Budget holds particular importance in light of the
events of 2020. And whilst the main focus of the proposed measures are towards
creating more jobs to stimulate the economy after a record deficit, there’s plenty in
the Budget for anyone who’s retired (or planning retirement) to consider too. We’ve
put together this report to make sure you don’t miss any of the essential information.
It’s worth noting that these proposed measures aren’t law yet – and could change.
