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Targeted personal income tax cut

On 9 May 2016 the Australian Government assumed a caretaker role. The continuation of this measure will be a matter for the incoming government to decide.

In the 2016-17 Budget, the Government announced that the marginal tax rate of 37 per cent will now start at $87,000 instead of the current $80,000.

To benefit from this measure your taxable income must be more than $80,000. The maximum amount of tax you can save is $315.


Griffin & Associates

79 Denham St, Townsville City QLD 4810

Phone 07 4772 6588

Chartered Accountants