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Federal budget 2020: What to expect

Tonight the budget is being announced, and it's being touted as one of the most important since 1945.

In an effort to spring the economy back to life, the Morrison government is expected to back-date tax cuts for middle income earners. There's good news for apprenticeships, and the construction industry. First-home-buyers have also been handed good news, with the Home Loan Deposit Scheme being increased by 10,000 places.

Read the full breakdown on 9news.com.au here

Whether or not you are an ITP customer, if you need help understanding the effect the budget will have on your family, please get in touch with your nearest ITP office.