Following the 2019-2020 budget announcements last week, there are a number of upcoming changes that might affect our clients. Personal Personal income tax rates will be altered effective from 1 July 2022 to increase the limit of the 19% bracket to $45,000 from the current level of $37,000, an annual saving of $1,520. The rebate/tax offset available to Low to Middle Income earners will also be increased with effect from 1 July 2018 (this financial year) to $1,080, up from the