Five changes for your hip pocket on July 1

By John Collett
Updated July 16 2016 - 10:23am, first published June 29 2016 - 12:15am
Many financial thresholds change from July 1. Photo: iStock
Many financial thresholds change from July 1. Photo: iStock

As the start of the financial year approaches there is always a raft of changes in taxes and thresholds that you need to be aware of or run the risk of falling foul of the rules and risk being penalised. This year there's the complication of the federal election, the outcome of which will affect some taxes and thresholds.

1. Income tax cut

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