The 2021-22 Federal Budget is a balancing act between a better than anticipated deficit ($106 bn), an impending election, and the need
to invest in the long term.
It is also a human budget (cynics would say voter focussed), with $17.7 billion dedicated to aged care, more money in the pockets of low
income earners, the COVID vaccine rollout, $2 billion for mental health, a women’s economic package including a child care subsidy increase
and funding to prevent violence, and a Royal Commission into defence and veteran suicide.
KEY FEDERAL BUDGET INITIATIVES
To be eligible to make a downsizer contribution to your super, you must be aged 55 or older and have owned your home for at least 10 years prior to the sale.
The investment market volatility that kicked off in March 2025 has felt like a punch, particularly for those in or nearing retirement.
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