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Stage three personal tax cuts

Stage three personal tax cuts

In September, amid a climate of startling interest rates, UK Chancellor Kwasi Kwarteng announced a series of tax cuts, including the reduction of the top personal income tax rate that applies to those earning more than £150,000 from 45% to 40%. Just ten days later,...
Low and Middle Income Tax Offset

Low and Middle Income Tax Offset

15 July 2019 The Federal Government’s Personal Income Tax Plan has now become law, delivering tax relief for millions of Australians. The plan has three phases Phase one is the Low and Middle Income Tax Offset (LMITO) Increase the LMITO from a maximum amount of...