Budget 2009-10

Budget 2009-10: Super Concessional Contribution Caps Halved

From 1 July 2009,the annual cap on concessional superannuation contributions will be reduced from $50,000 to $25,000. The transitional cap (which applies until 30 June 2012 for those aged 50 years and over) will change from $100,000 to $50,000. Less than 2 per cent of people who make concessional contributions ...

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Budget 2009-10: Super Co-Contribution Reduction

Along with other superannuation reforms, the Government will also temporarily reduce the superannuation co-contribution matching rate. The generous 150% will be reduced to 100% per cent for contributions made in 2009-10, 2010-11, and 2011-12. A maximum co-contribution of $1,000 will apply (down from $1,500). The matching rate will rise to 125% cent ...

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Carer Payment recipients will receive the pension increases announced in the pension reform package, including an additional $32.49 a week for singles on the full rate. In addition, the Government will introduce a permanent Carer Supplement of $600 per annum for Carer Payment recipients and an additional $600 per annum ...

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Budget 2009-10: What’s new for Pensioners

Pensioners who receive the Age Pension, Disability Support Pension, Carer Payment, Veterans’ Service Pension, Income Support Supplement, War Widow/ers Pension, Bereavement Allowance, Wife Pension, and Widow B Pension will receive an increase to pension payments. The Government will provide an additional $1,689 a year to full rate single pensioners and ...

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The 2009-10 Commonwealth Budget will be released at 7.30pm, Tuesday 12 May 2009. For anyone who’s interested in the ‘just gimme the facts and how it affects me’ version, I’ll be posting Budget Highlights (or Lowlights as the case may be) Tuesday night followed by more detailed posts the next day. ...

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