China wobbles, Australia booms

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Chinese property developer Evergrande remains under the microscope. Global investors are scrutinising every move of the company on the brink of collapse to assess whether this event will lead to broader financial and economic contagion.

Find out what’s further in store for the Chinese property market and how this will effect Australian economic future.

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Most income streams are sourced from account based pensions and insurance companies (annuities) with the same and concessional tax structure for both.
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The rate of social security payments are affected by an asset and income test. Generally, the test that results in a lower payment is what determines the rate payable.
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A Regulation has now been registered to increase the age when the work test will apply to 67 and also the upper age limit for spouse contributions to 75.
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Information current as at 15 June 2020. © Westpac Financial Services Limited 2020.