I’ve just reviewed the latest Federal Budget and recent U.S. economic news—here’s a quick summary of what stands out, especially for clients navigating medical, compensation, or Centrelink-related financial planning.

🏠 Cost of Living & Household Relief

• Tax cuts: Marginal rate down from 16% to 14% by 2027—worth around $536/year for average earners
• $150/quarter energy rebates continue until late 2025

🏥 Healthcare Support

• $8.5B for bulk billing—may improve GP access
• PBS scripts capped at $25
• 50 new urgent care clinics to ease emergency department pressure

📚 Debt, Housing & Super Changes

• 20% HECS/HELP debt cut for millions—helping free up cash flow
• Help to Buy scheme expanded—higher income thresholds + up to 40% govt equity
• Super must be paid on payday from July 2026 + increased ATO focus on compliance

🌏 Global Watch: U.S. Trade Tensions

The U.S. has imposed new tariffs on key Chinese exports—cars, steel, tech. While Australia isn’t directly targeted, these moves could impact markets, trade flows, and confidence globally. Worth watching if you’re invested or exposed internationally.

💡 What This Means for Your Planning

• Reduced out-of-pocket medical costs + HECS relief may improve day-to-day cash flow
• Housing and super changes could open up opportunities or create admin pressure (e.g., audits)
• Global risks and election-year promises are a reminder to keep strategies flexible

If you’d like to walk through any of this in more detail—or how it may affect your situation—just reach out.

Watch the video here.

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