Jun 30, 2026 – 12.39pmFrom Wednesday, everybody earning over $45,000 will receive a small tax cut of $268 this financial year, rising to $536 in 2027-28 and every year thereafter.Other pluses starting on July 1 include an increase in the pre-tax super contribution threshold from $30,000 to $32,500, which means you can save more for retirement.clarification—An earlier version of this article said any assets claimed as part of the extension to the small business instant asset write-off must have been first used or ready to use this financial year. However, the asset must be first used or ready to use in the financial year it is being claimed.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles