In the last week or so, the government has introduced a number of measures designed to combat the impact of COVID-19. To break it into smaller chunks, we'll be writing to clients on a different topic each day this week. But since new announcements are being made quite rapidly, the schedule may be adjusted.Information coming this week:
- Tuesday 31 March – changes to superannuation
- Wednesday 1 April – personal tax implications
- Thursday 2 April – stimulus for small to medium size businesses
- Friday 3 April – changes to social security
Meanwhile at 5 Financial…Along with responding to the recent spike in enquiries from clients, our current priorities include:
- Providing assistance and guidance to clients experiencing financial hardship or loss of employment as a result COVID-19
- Looking at opportunities for clients to gain a tax advantage or other benefit by adding to their portfolios while markets have been down (and acting on instructions where clients have asked us to invest additional funds to take advantage of likely very cheap prices)
- Reviewing finance arrangements for clients who may benefit by changing their loan to lock in a very low fixed rate
- Keeping abreast of the latest changes announced by the government so we can make sure clients take full advantage of any measures available to them under the stimulus package
We'll continue to post updates on our blog page so please check back here for our latest info.If you have any questions or are interested in learning more about becoming a client of 5 Financial, please don't hesitate to contact us. An initial consultation is always at no charge or obligation. Phone 02 9739 6555 to find out more.
