--- title: Federal Budget 2021-22 description: Information on the Federal Budget 2021 - 22 all in one place. For businesses or individuals – What opportunities are in it for you? image: https://info.rjsanderson.com.au/hubfs/Federal%20Budget%202021-22%20Superannuation%20banner.jpg --- ### 1300 27 28 29 Toggle navigation [![](https://info.rjsanderson.com.au/hubfs/raw_assets/public/Modoras_August2020/images/Sanderson_Logo_new.jpg) ![](https://info.rjsanderson.com.au/hubfs/raw_assets/public/Modoras_August2020/images/Sanderson_Logo_new.jpg)](https://www.rjsanderson.com.au/) - [Javascript:void(0);](Javascript:void(0);) - [About Us](https://www.rjsanderson.com.au/#) - [R J Sanderson](https://www.rjsanderson.com.au/about/) - [Careers](https://www.rjsanderson.com.au/about/careers-2/) - [The Company we Keep](https://www.rjsanderson.com.au/the-company-we-keep/) - [Services](https://www.rjsanderson.com.au/#) - [Taxation](https://www.rjsanderson.com.au/service/taxation/) - [Accounting & Business Advisory](https://www.rjsanderson.com.au/service/accounting-and-business-advisory/) - [Wealth Management](https://www.rjsanderson.com.au/service/wealth-management/) - [Loan Solutions](http://rjsloansolutions.com.au/) - [SMSF](https://www.rjsanderson.com.au/service/smsf/) - [Estate Planning](https://www.rjsanderson.com.au/service/estate-planning/) - [Bookkeeping](https://www.rjsanderson.com.au/service/book-keeping/) - [Legal](https://wiselegalsolutions.com.au/) - [Online Tax Return](https://www.rjsanderson.com.au/tax-return/) - [Knowledge Centre](https://www.rjsanderson.com.au/#) - [Blogs](https://www.rjsanderson.com.au/newsletters/) - [Videos](https://www.rjsanderson.com.au/videos/) - [Checklists](https://www.rjsanderson.com.au/info/checklists/) - [Fact Sheets](https://www.rjsanderson.com.au/info/fact-sheets/) - [FAQs](https://www.rjsanderson.com.au/faq/frequently-asked-questions/) - [Tax Time 2020](https://www.rjsanderson.com.au/info/smart-end-of-financial-year-strategies-2020/) - [Events](https://www.rjsanderson.com.au/events/) - [Contact](https://www.rjsanderson.com.au/#) - [Locations](https://www.rjsanderson.com.au/locations/) - [Contact](https://www.rjsanderson.com.au/contact-page/) # Federal Budget 2021 - 2022 The post-pandemic budget has just been announced. Watch this space to find out what impact and opportunities the Federal budget will have on you and/or your business. ## So what's included in the Federal Budget? As the world begins its recovery from the COVID-19 pandemic, this Budget proves to be a key component in how our country will make its way out of its first recession in almost 30 years. Click the below to review this year’s outline of the Federal Budget initiatives. As always, the Budget announcements are statements of proposed changes only, and do not come in to force until they are passed by the Senate and become law.   ## What opportunities are in it for you? The 2021-22 Federal Budget has been released and as expected, we have seen tax cuts and Government spending set for individuals and businesses, some of which may impact you.  Presented by our market-leading investment committee and Accounting Directors, you are invited to hear the experts insights on: - Australia's economy and how you can plan for the future; and - What the opportunities are for you and your family. It's an insight not to be missed. [![Tax for Individuals](https://info.rjsanderson.com.au/hs-fs/hubfs/RJS-Supporting-Tax%20investment.png?width=200&height=200&name=RJS-Supporting-Tax%20investment.png "Tax for Individuals")](https://www.rjsanderson.com.au/2021/05/14/federal-budget-2021-22-personal-income-tax/) ## **Tax for Individuals** - Extension of low- and medium-income tax offset (LAMITO) - Personal income tax rates unchanged - Medicare levy surcharge and private health insurance thresholds unchanged [![VISIT PAGE](https://hubspot-no-cache-ap1-prod.s3.amazonaws.com/cta/default/4071027/a7e03d64-2900-4160-8ddf-621d3c8e1123.png)](https://hubspot-cta-redirect-ap1-prod.s3.amazonaws.com/cta/redirect/4071027/a7e03d64-2900-4160-8ddf-621d3c8e1123) [![Business Support](https://info.rjsanderson.com.au/hs-fs/hubfs/RJS-Supporting-business.png?width=200&height=200&name=RJS-Supporting-business.png "Business Support")](https://www.rjsanderson.com.au/2021/05/14/federal-budget-2021-22-business-support/) ## **Tax for Businesses** - Extension of temporary full expensing - Extension of temporary loss carry-back provision - Expansion of Boosting Apprenticeship Commencements wage subsidy - SME Recovery Loan Scheme [![VISIT PAGE](https://hubspot-no-cache-ap1-prod.s3.amazonaws.com/cta/default/4071027/ae573ec5-1ede-461b-a645-3bd2126e17c7.png)](https://hubspot-cta-redirect-ap1-prod.s3.amazonaws.com/cta/redirect/4071027/ae573ec5-1ede-461b-a645-3bd2126e17c7) [![Superannuation](https://info.rjsanderson.com.au/hs-fs/hubfs/RJS-Supporting-Superannuation.png?width=200&height=200&name=RJS-Supporting-Superannuation.png "Superannuation")](https://www.rjsanderson.com.au/2021/05/14/federal-budget-2021-22-superannuation/) ## **Superannuation** - Increases to voluntary super contribution caps - Increase to transfer balance cap - Removal of work test for voluntary super contributions - Reduction of eligibility age for downsizer contributions - Removal of minimum income threshold for super guarantee - Reduction of eligibility age to make NCCs under the bring-forward rule - Relaxation of residency requirements for SMSFs and Small APRA Funds (SAFs) [![VISIT PAGE](https://hubspot-no-cache-ap1-prod.s3.amazonaws.com/cta/default/4071027/b08204e8-dc71-48b4-8b38-e5a258503a54.png)](https://hubspot-cta-redirect-ap1-prod.s3.amazonaws.com/cta/redirect/4071027/b08204e8-dc71-48b4-8b38-e5a258503a54) [![Social Security and Aged Care](https://info.rjsanderson.com.au/hs-fs/hubfs/RJS.%20FB%20Icon%20tax%20for%20business.png?width=100&height=100&name=RJS.%20FB%20Icon%20tax%20for%20business.png "Social Security and Aged Care")](https://www.rjsanderson.com.au/2021/05/14/federal-budget-2021-22-social-security-aged-care/) ## **Social Security and Aged Care** - Access to lump-sum advances under Pension Loan Scheme - Aged-care reform - Changes to the Child Care Subsidy   [![VISIT PAGE](https://hubspot-no-cache-ap1-prod.s3.amazonaws.com/cta/default/4071027/700b27b7-c20d-42d0-938c-dfa65f63f8a7.png)](https://hubspot-cta-redirect-ap1-prod.s3.amazonaws.com/cta/redirect/4071027/700b27b7-c20d-42d0-938c-dfa65f63f8a7) [![Home Ownership](https://info.rjsanderson.com.au/hs-fs/hubfs/RJS%20FB%20Icon%20Home%20ownership.png?width=100&height=100&name=RJS%20FB%20Icon%20Home%20ownership.png "Home Ownership")](https://www.rjsanderson.com.au/2021/05/14/federal-budget-2021-22-home-ownership/) ## **Home Ownership** - First Home Loan Deposit Scheme (New Homes) - Family Home Guarantee - First Home Super Saver Scheme   [![VISIT PAGE](https://hubspot-no-cache-ap1-prod.s3.amazonaws.com/cta/default/4071027/8f2e97c4-8f28-4bba-96e6-bb10b6df73ef.png)](https://hubspot-cta-redirect-ap1-prod.s3.amazonaws.com/cta/redirect/4071027/8f2e97c4-8f28-4bba-96e6-bb10b6df73ef) --- # Got a tax question? 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