Guide to the May 2009 Federal Budget

The biggest news from the Budget is the proposed reduction of the maximum pre-tax super limits from 1 July 2009. For the over 50's the maximum $100k reduces to $50k and for the under 50's the maximum $50k reduces to $25k.

I hope these proposals do NOT pass into law as to my mind they are disincentive to a self funded retirement.

Attached is our Guide to the Federal Budget with all of the major changes. Please e-mail me at steven.allen@allenwealth.com.au if you have any questions.

regards, Steven

Budget_2009_Allen_Private_Wealth_Advice.doc