Weekly economic update - 24 August 2020

Podcast & PDF

Information for advice professionals only.

This week’s podcast covers possible changes to some social security payments as a result of no automatic indexation of payments in September 2020, continued speculation around changes to the rate of super guarantee and what’s in store for Parliament when it resumes next week.

Listen to the podcast below or download the economic outlook commentary - August 24.

 

You can also access this podcast via Soundcloud.

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This week's podcast explores how the recent events of halting economic activity has seen more fiscal and monetary support injected into the economy than ever before.
Podcast & PDF
This week’s podcast covers the upcoming expiration of the Superannuation guarantee amnesty from 7 September, recap on claiming tax deductions, as well as reminders of what to look out for when assessing clients eligibility to make contributions in the new financial year based on their total super balance on the previous 30 June.
Podcast & PDF
This week’s podcast covers changes to JobKeeper from the end of September, a reminder on changes to jobseeker waiting periods from the end of September 2020, as well as an update on the resumption of Federal Parliament at the end of August and a draft determination from the ATO on in-house assets for SMSFs.
Podcast & PDF

Disclaimer: This commentary has been prepared by Westpac Financial Services Limited for use by advisers and must not be made available to any client. The commentary provides an overview only and should not be considered a comprehensive statement on any matter or relied upon as such. Projections given are predicative in character and whilst every effort has been taken to ensure that the assumptions on which the projections are based are reasonable, the projections may be based on incorrect assumptions or may not take into account known or unknown risks and uncertainties. The results ultimately achieved may differ materially from these projections. This commentary may also contain material provided by third parties derived from sources believed to be accurate at its issue date. While such material is published with necessary permission, Westpac Financial Services Limited does not accept any responsibility for the accuracy or completeness of, or endorses any such material.