In this video, I’m going to explain the new Australian income tax rates for financial year 202425 and how it will save thousands in tax for every day Aussies like you and me.
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Although I have a Finance degree, I am not a financial advisor, and my comments are for entertainment purposes only. It does not take into account your objectives, financial situation or needs. Please perform your own due diligence when investing your money or seek the advice of a licensed advisor.
#australiatax #tax #taxrates
⏰ TIMESTAMPS
0:00 Intro
0:08 New Tax Rates
1:55 Common Misconception
2:45 Medicare Levy Surcharge
3:53 Worked Example With New Tax Rates
5:35 Who Will Get What?
6:40 Winners & Losers
7:18 When Will You Receive Your Tax Cut?