Changes to super, the bringing forward of tax cuts, and two lump sum payments to those on the Age Pension are just some of the Government’s proposed measures from the big spending 2020-21 Budget - released by Treasurer Josh Frydenberg on Tuesday 6 October 2020. There’s no doubt that this year’s Budget holds particular importance in light of the events of 2020. And whilst the main focus of the proposed measures are towards creating more jobs to stimulate the economy after a record deficit, there’s plenty in the Budget for anyone who’s retired (or planning retirement) to consider too. We’ve put together this report to make sure you don’t miss any of the essential information. It’s worth noting that these proposed measures aren’t law yet – and could change.
The Victorian Aged Care Response Centre (VACRC) has been established to co-ordinate and expand resources to address the issue of COVID-19 in aged care facilities.
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