Budget Highlights: Personal Tax Cuts

The Government has announced $31.5 billion of tax cuts over the next 4 years:

• From 1 July 2007, the 30 per cent threshold will rise from $25,000 to $30,000.

• From 1 July 2008, the 40 per cent threshold will increase to $80,000, and the 45 per cent threshold will increase to $180,000