Federal Budget – how it affects you

Car Expenses

From 1/7/15 there will be a flat per kilometre allowance of 66 cents, regardless of the size of the car’s engine.

Paid Parental Leave

If your employer provides a paid parental leave benefit you won’t be able to access the Government’s paid parental leave scheme as well. This comes into effect 1/7/16.

Super

From 1/7/15 a terminally ill person can apply to get all their super paid to them tax-free if 2 doctors (one must be a specialist) certify that the person is likely to die within the next 2 years. This is a 100% increase to the one year time-frame currently in place.

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