Is wage inflation looming?

pdf

For close to a decade, wages growth has been softening. However in recent quarters, wages growth has turned a corner and has started to quicken. Find out why wage pressures are a key influence on underlying price pressures in the economy and what the RBA’s outlook expects for the next 12 months.

Take the next steps

  • BT Investment Solutions (BTIS)
    BTIS delivers an institutional grade investment management capability across a range of solutions, from low-cost index portfolios to actively managed strategies.

Most income streams are sourced from account based pensions and insurance companies (annuities) with the same and concessional tax structure for both.
Technical resource
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.
Technical resource
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.
Technical resource

 


Information current as at 27 September 2021. This information was prepared by BT, a part of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian Credit Licence 233714 (‘Westpac’). This information does not take into account any personal objectives, financial situation or need and so you should consider its appropriateness, having regard to these factors, before acting on it. This information provided is factual only and does not constitute financial product advice. Before acting on it you should seek independent advice about its appropriate to your and your clients’ objectives, financial situation and needs. Apart from any interest investors may have in Westpac term deposits, Westpac securities, the BT CMA or the BT CMA Saver acquired through the Panorama operating system, an investment acquired using the Panorama operating system is not an investment in, deposit with or any other liability of Westpac or any other company in the Westpac Group. These investments are subject to investment risk, including possible delays in repayment of withdrawal proceeds and loss of income and principal invested.  Westpac and its related entities do not stand behind or otherwise guarantee the capital value or investment performance of any investments acquired through the Panorama operating system. This communication has been prepared for use by advisers only.  It must not be made available to any client and any information in it must not be communicated to any client. This document provides an overview or summary only and it should not be considered a comprehensive statement on any matter or relief upon as such.