Revised Stage 3 Tax Cuts to Come Into Effect and Changes to Superannuation Contribution Limits

The much talked about revised Stage 3 Tax Cuts have been approved by Parliament, and will come into effect from 1 July 2024.
 
Overall, the changes are as follow:
 
Previous Tax Rates

New Tax Rates

 
Changes to Superannuation
 
Also taking effect from 1 July 2024 are the increase in concessional superannuation contributions limit from $27,500 to $30,000 per annum, and the non-concessional contribution limit will increase from $110,000 per annum to $120,000 per annum.