As expected, the 2024-25 Federal Budget has placed a strong emphasis on attempting to ease cost of living pressures. To that end, in addition to the previously legislated personal income tax cuts, the Government notably announced an initiative to deliver energy bill relief for all Australian households and certain small businesses.

In that context, while perhaps disappointing, it’s not entirely surprising that from an SMSF perspective there was an absence of any notable new announcements likely to have a direct impact on the SMSF landscape.

Please click on the link below to view the key measures announced.