Welcome to the November edition of the Premier Financial Planning Newsletter.

We have been keeping an eye on the floods here in Deniliquin but have been very fortunate thus far, we are thinking of our clients that have been affected.

A reminder that our annual seminar will be held on the evening of Thursday 24th of November at Morrison’s Winery in Moama.

If you would like to go on the bus, we will be departing from our office at 5pm sharp, ready for a 6pm start. Please RSVP by the 10th of November.

We have reviewed the release of the Federal Budget summary from the budget below:

Here are some highlights from the government’s October Federal Budget 2022-23 announcement and an explanation of what these changes may mean for you if they become law.

– Child care subsidy rates will be increased from July 2023 for eligible families earning less than $530,000 p.a.

– Paid parental leave will be expanded from 18 weeks to 26 weeks by 2026.

– The minimum age for making downsizer contributions into super, from the proceeds of selling your home, will be lowered from 60 to 55.

– There will be a one-off increase to the amount of income that pensioners can earn before their pension is reduced.

– Federal and State governments will work with the construction industry, super funds, and other investors to provide more Australians with access to affordable housing.

You can read more here.

Take care and stay dry!

-The Premier Financial Planning Team.