Rates & Economic Outlook

‘Can you help me?’: The pandemic’s impact on rural Australians

COVID-19 has pushed many rural Australians to breaking point after an already tough summer, an accountant has told nestegg. Simone Palfreyman is the principal of Palfreyman Chartered Accountants in Cessnock and has seen a number of clients suffering due to business closures and separation of family and friends due to …

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‘This will be another pandemic budget’: Frydenberg

The Australian government will use next month’s budget to target Australia’s unemployment rate and reduce taxes paid as it looks to support the economy post the COVID-19 downturn. In a speech made ahead of the 11 May federal budget, Treasurer Josh Frydenberg said he plans to delay budget repairs to instead focus …

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Tax rate uncertainty: Should investors consider realizing gains sooner vs. later?

Investors hate uncertainty. Today’s tax rate environment is the definition of uncertainty. This lack of clarity makes financial planning challenging. If tax rates are going up, should investors do anything today in advance of changes that may or not happen? How might possible tax increases impact existing portfolios? For appreciated assets, …

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Economic recovery fails to relieve financial stress

Despite Australia’s rapid economic recovery from the COVID-19 pandemic, one in three Australians is still feeling financially stressed, just weeks before JobKeeper and JobSeeker end, new research shows. Survey data by the University of Melbourne and the Melbourne Institute shows that 31 per cent of respondents are now reporting difficulty in paying for …

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