Stage 3 tax cuts explained

Friends With Money

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Australians are set to pay less income tax from July this year, so what’s changed and who will benefit the most?

This week on the Friends With Money podcast, Money’s Tom Watson is joined by the director of tax communications at H&R Block, Mark Chapman, to discuss the revamped stage three tax cuts.

Why were the stage three tax cuts proposed in the first place?
What did the original stage three cuts look like?
What changes has the government made, and why?
How much money can taxpayers expect to save?
How quickly will people notice a difference in their pay?

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