Confidence stabilising as cases drop

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The spike in COVID-19 cases following the spread of the Omicron variant towards the end of 2021 and into January 2022 dented consumer and business confidence. This week, we will get an update on how businesses and consumers are feeling after case numbers peaked in mid-January. Will labour shortages and supply-chain disruptions continue to negatively impact businesses or will they ease as case numbers drop? Find out more in this week’s economic update.

Download - 7 February 2022 Weekly Economic Outlook

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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