RS ROY SPAGNOLO & ASSOCIATES Chartered Accountants 2025/2026 FEDERAL BUDGET HIGHLIGHTS - KEY TAX CHANGES The 2025/2026 Federal Budget introduces significant tax updates for individuals: The marginal tax rate for incomes between $18,201 and $45,000 will reduce from 16% to 15% from 1 July 2026, with a further cut to 14% from 1 July 2027. Medicare levy low-income thresholds for singles, families, seniors, and pensioners will increase from 1 July 2024. Student loan debts will be reduced by 20%, with further reforms to the repayment system from 1 July 2025. The start date for strengthening the foreign resident CGT regime has been deferred to at least 1 October 2025. Restrictions on foreign ownership of housing will be introduced. A CHARTERED ACCOUNTANTS AUSTRALIA NEW ZEALAND VINVNE WIP 7109 59 Like Us On 193 Yambil Street, Griffith NSW 2680 Ph: 6964 4400 | www.royspagnolo.com.au RM8465730 RS ROY SPAGNOLO & ASSOCIATES Chartered Accountants 2025/2026 FEDERAL BUDGET HIGHLIGHTS - KEY TAX CHANGES The 2025/2026 Federal Budget introduces significant tax updates for individuals : The marginal tax rate for incomes between $ 18,201 and $ 45,000 will reduce from 16 % to 15 % from 1 July 2026 , with a further cut to 14 % from 1 July 2027 . Medicare levy low - income thresholds for singles , families , seniors , and pensioners will increase from 1 July 2024 . Student loan debts will be reduced by 20 % , with further reforms to the repayment system from 1 July 2025 . The start date for strengthening the foreign resident CGT regime has been deferred to at least 1 October 2025 . Restrictions on foreign ownership of housing will be introduced . A CHARTERED ACCOUNTANTS AUSTRALIA NEW ZEALAND VINVNE WIP 7109 59 Like Us On 193 Yambil Street , Griffith NSW 2680 Ph : 6964 4400 | www.royspagnolo.com.au RM8465730