Although higher earners are in the spotlight with the debt levy, not many people will escape paying higher tax thanks to a raft of changes from July 1. There are also more opportunities to build tax-effective superannuation in the new financial year, as well as other tweaks that may affect your household’s bottom line.
None of the following eight changes will on their own make a huge difference, but it’s worth knowing the lie of the land after July 1 so you can plan your finances ...
See more of article here which was first published in the Australian Financial Review on 18 June 2014.