Vince Scully
👤 SpeakerAppearances Over Time
Podcast Appearances
No.
And I can honestly say that in my career, most of the big losses I've seen have been people chasing tax deductions.
So trees.
Well, that's what we talked about with the agribusiness stuff.
Yeah.
That's where people lose money.
It was a disaster.
And you only pay CGT when you make a capital gain.
That's right.
LifeSherpa.com.au slash invest.
Yes, there's zero changes to Super this time, which makes a change.
There's always been some little tweaks, but nothing this year.
Yeah.
And the interesting thing is the lowest personal tax rate is now 15% the same as super.
So that- Which will, that's on the 1st of July this year.
This year.
Yes.
And to 14% next year.
Well, the two big changes on the income tax front for working Australians is the introduction of the WAITO.
So we've got the LAMITO or LITO, we got the SAPTO, and now we have the WAITO.