fbpx       

Coronavirus Supplement – $550 each fortnight for eligible individuals

Aim Supporting vulnerable individuals through additional income assistance by the Government. Benefit A new time-limited or temporary “Coronavirus Supplement” of $550 per fortnight for six months from 27 April 2020. Eligibility Individuals under the following income support payment categories are eligible for the Coronavirus Supplement: Jobseeker Payment (and all payments progressively...

Providing Support for Retirees – Reduction in Super Minimum Drawdown & Social Security Deeming Rates

Aim Providing retirees with more flexibility as to how they manage their superannuation assets. Benefit Allowing retirees to drawdown less from their superannuation by 50% for the 2019-2020 and 2020-2021 financial years.  There is also a reduction to the upper and lower social security deeming rates by a further 0.25%...