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Articles
FBT Reminder - Odometer Reading
Australian Taxation office (ATO) provides SMSF Disaster Relief
Youth Allowance - Australian Taxation Office (ATO) Initiative
February 2011 Newsletter
Commonwealth Education Payments
Flood Victims - Recovery Resources
Tax Lodgements for Flood Affected Taxpayers
Bucket Donations to Flood Relief

January 2011 Newsletter

Personal Property Securities (PPS)
Current Depreciating Asset Issues
Budget Promises Fade Away
Budget Promises Fade Away
.

A promise to give some tax relief to taxpayers who invested in interest bearing accounts rather than shares was announced last year.

However, that encouragement has now been deferred for a further year and the income amount significantly diminished.

Under the new announcement, the commencement of the 50% tax discount for interest will be deferred by another twelve months and the cap on eligible interest income will be reduced to $500 in 2013 and $1,000 in 2014.

In other words, the promised encouragement to save is of little interest or benefit to anybody and is not likely to change any savings habits.

 

 

 

 

 

 

 



21st-January-2011