Treasurer Scott Morrison and Minister for Finance Mathias Cormann at a picture opportunity for Budget 2018 Source: AAP
Retirees and older Australians will get a multi-million dollar boost in the federal budget, with a special aged care statement aimed at clawing back support from older voters. Low and middle-income earners are also expected to benefit, with tax cuts worth up to 10-dollars-50 a week. The tax relief will be delivered by an increase to the Low Income Tax Offset from July 1. Dina Gerolymou and Themis Kallos discuss the story.
Retirees and older Australians will get a multi-million dollar boost in the federal budget, with a special aged care statement aimed at clawing back support from older voters. Low and middle-income earners are also expected to benefit, with tax cuts worth up to 10-dollars-50 a week. The tax relief will be delivered by an increase to the Low Income Tax Offset from July 1. Dina Gerolymou and Themis Kallos discuss the story.
