US Federal Reserve hikes rates

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This week the US Federal Reserve hiked rates for the first time since 2018. The move came as no surprise. In the US, inflation is running red hot, the jobs market is tight and wages are growing strongly.

We think it won’t be long before the Reserve Bank of Australia follows suit.

However, the devastating war in Ukraine complicates the picture for policymakers as they balance supporting economic growth and taming inflation.

Economic Insights - 18 March 2022

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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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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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