Financial Year

With the beginning of the new financial year there are invariably small changes to our lives.

Many of these revolve around money. Things like tax cuts, rate changes and increases in family allowance benefits.

The middle of the year also gives us time for more personal reflection: it’s July and I still haven’t taken the bottles from my April birthday party to the recycling bin – just a random example.

But here is a list of ways that things have changed today and The Punch’s evaluation of whether we’re better off for it.

1. Crappy tax cuts introduced

Kevin Rudd committed to these tax cuts before the last election and now has to go through with them.

The promise was made in the heady days of economic boom time when we enjoyed daily joy rides in limousines with Paris Hilton and wore extinct animals on our heads. Now we’re dressing in possums and the best celebrity we can muster is Kochie giving some sage financial advice: “Here’s one folks, ever thought of knitting your dinner?”

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