Wonderful insights today shared by David Gonski (Chair of ANZ & Coca-Cola Amatil) and Emma Alberici (ABC TV) at our annual Client Investor Seminar. For those clients who missed it, we will share a write up of the key points discussed in the next few weeks.
Again expected but should provide good planning opportunities
"We will allow those aged over 60 to contribute up to $300,000 into their superannuation if they downsize their home, freeing up more housing stock for younger families."
#Budget2021
Expected but still an interesting move
"We will improve flexibility by no longer requiring older Australians to meet a work test before they can make voluntary contributions to superannuation."
Interesting - "Under the patent box, income earned from new patents that have been developed in Australia will be taxed at a concessional 17 per cent rate - almost half the rate that applies to large companies."
#BREAKING: France's President has announced a 15-day lock down. The leader will also suspend rent, water bills, electricity and gas indefinitely. #9News
CORONAVIRUS LIVE | Victorian Premier Daniel Andrews has declared a state of emergency, meaning Victorians who don’t comply with self isolation requirements and mass gathering restrictions will be committing an offence https://t.co/mwfOCHt50H
LIVE | The US Federal Reserve has slashed its benchmark interest rate to near zero and said it would buy $US700 billion in Treasury and mortgage-backed securities #coronavirus https://t.co/okSxtbOQk1