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JobSeeker or JobKeeper?

  In a rapidly evolving response to the spread of COVID-19, the Federal Government announced in March a new suite of welfare packages to help Australians who've found themselves out of work. Among them are the JobSeeker and JobKeeper payments. Here's a rundown of how they work: JobSeeker
This initiative was devised in m...
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Payments to low income households and pensioners

  As part of the Government's series of measures to support the economy and individuals through the Coronovirus crisis, Newstart recipients, age pensioners and veterans are being provided with a one-off payment of $750. These payments started flowing into the bank accounts of 6.5 million (mainly) lower-income Australians from...
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What it means for pensioners

  Federal Government's second support package announced March 22, flicked the switch to more income support for retirees. Retirees affected by falling superannuation balances and deeming rates out of line with historically low interest rates have been offered some reprieve. In addition to the cut in pension deeming rates ...
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What it means for self-funded retirees

  Federal Government's second support package announced on March 22 offered assistance for self-funded retirees. Minimum drawdown rates for account-based pensions and similar products will be halved for the 2020 and 2021 financial years. This means retirees will be under less pressure to sell shares or other pension assets in...
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The JobKeeper program - Help for businesses

  The Australian Government has announced unprecedented assistance to help businesses of all sizes manage their cashflow and retain their employees. The six-month JobKeeper Payment of $1,500 a fortnight per employee is made through the tax system and is available to small, medium and large businesses, and not-for-profits. Legally...
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