What the budget means for your wealth (and did Boomers win?)

Financial Review wealth editor Joanna Mather and reporter Andrew Hobbs on how Labor’s new tax rules reshape investment strategies and what that means for you. This podcast is sponsored by Westpac Further reading: Albanese says CGT is going back to 1999. That’s not quite true Labor’s proposed capital gains tax inflation model is different from Paul Keating’s in two ways that mean investors will typically pay more tax. The game has changed – what investors need to know The budget measures have jolted many wealth plans. We ask the professionals about tips for first home buyers, property and share investors, retirees and those with trusts. ‘Ludicrous’: Modelling shows bucket companies face even bigger tax hit Further examination of the budget papers shows the penalty tax rate that will apply to bucket companies could be as high as 70 per cent, tax specialists say. See omnystudio.com/listener for privacy information.