I hope you find this summary helpfull in regards the UK Budget
We await the Australian Budget.

In summary:



Top income tax rate increased to 50% from April 2010
  • Applies to those earnings £150,000 or over
  • 42.5% rate on dividends
  • Highest rates also apply to trusts
  • Personal allowance reduced or eliminated for those earning over £100,000
ISA limit increased to £10,200 a year
  • From 6 October 2009 for over-50s
  • From 6 April 2010 for everyone else
  • Cash element increased to £5,100
Pensions tax relief restricted for those earning over £150,000
  • Basic rate relief only from April 2010 for those earnings £180,000 or over
  • Tapered rate of relief for those earning £150,000-£180,000
  • Immediate special annual allowance of £20,000 for those earning £150,000 and over