April 2020 - Spencer Accountants

Workers with multiple jobs If you are employed by multiple businesses, you are only eligible to receive the JobKeeper payment from your nominated primary employer. Timing The JobKeeper will be available from March 30 and will last until September 27 2020, employers can expect to receive payments from the first week of May. Payments will…

Eligible employees will earn the $1500 JobKeeker payment per fortnight. If you earn less than $1500 you will be ‘topped up’ to $1500 per fortnight. In order to be eligible you must be aged at least 16 and be an Australian citizen or permanent, special category or Protected Special Category visa holder. Non protected PSC…

An unprecedented assistance to help businesses of all sizes manage their cashflow and retain their employees

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 announced in the first stimulus package, the Government has cut deeming rates by a further 0.25 percentage points. Deeming rates are the amount the…

These payments will support households to manage the economic impact of the Coronavirus, by provide assistance to lower income Australians, including pensioners, other social security and veteran income support recipients and eligible concession card holders. The first payment (announced on 12 March 2020) will be available to people who are eligible payment recipients (Age Pension,…