Budget 2016: What we know so far

• Rich or poor: How does your family stack up?
• Company tax cuts but no relief for those earning under $80,000
• Comment: On average, Scott Morrison misses the mark
• Gittins: What not to believe in the budget
• Federal budget 2016: Full coverage

Economic outlook: To remain subdued

Revenue projections: Little changed from December despite higher iron ore prices

Rhetoric: Jobs and growth, as the economy transitions

Tax: An increase in the $80,001 threshold for the second-highest marginal rate, from July 1

Treasurer Scott Morrison in the Prime Minister's suite at Parliament House on Monday.Credit: Andrew Meares

Tax: Budget Repair Levy on earners over $180,000 to end as scheduled, on June 30, 2017

Superannuation: The 30 per cent rate on super contributions to cut in at less than the present $300,000

Superannuation: A likely cut in the present $180,000 annual cap on non-concessional contributions

Superannuation: Assistance to low income workers and returning mothers

Superannuation: Possible action to restrict "transition to retirement" products

Company tax: Leglislated long-term cuts to the 30 per cent company tax rate

Small to medium sized businesses: An extension of the $20,000 instant asset write-off

Multinational tax: $2 billion from new measures to combat avoidance including a 'Google tax'

Corporate cop: Restoration of ASIC funding cuts. ASIC to be entirely industry funded by 2018-19

Public service: Fresh efficiency dividends worth up to $1.2 billion

Schools: An extra $1.2 billion in 2018 and 2019, well below Labor's $4.5 billion

Universities: Students set to pay a greater proportion of fees, which might be capped

Infrastructure: Asset recycling grants for Melbourne Metro, western Sydney light rail, Perth airport link

Health: Rebadged dental scheme saving money, $2.9 billion boost in total spending

Tobacco excise: Matching or beating Labor's plan for four increases of 12.5 per cent each

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