I own no investment properties or trusts. Will the budget affect me?

May 17, 2026 — 3:13am

You have reached your maximum number of saved items.

Remove items from your saved list to add more.

My finances are pretty simple. I don’t have any investment properties, or trusts. I’ve paid off my home, and I have focused on building my super balance. I’m 67, and commentary around the budget has been that it’s about shifting money from people of my generation, to younger people. But I can’t see what is changing for me. What have I missed?

Fear not, you have missed nothing. Superannuation rules are unchanged, so you can continue to have up to $2 million in a tax-free pension once retired. Indeed, if you are fortunate enough to have overshot this amount, you can have another million dollars in there that is only taxed at 15 per cent.

There’s no change to the capital gains tax exemption on your primary residence. There is a small change to the calculation of the private health care rebate, but I doubt that will have a meaningful impact on........

© WA Today