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Second stimulus package - what’s in it?

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The Federal Government has announced a second economic stimulus package worth $189 billion over the next three years. What’s in it to help you get through? Let’s take a look.

The package has five measures that help seniors:

  • a cut to deeming rates
  • a halving of the minimum superannuation drawdown rate
  • a second $750 one-off payment to households
  • increased income support for jobseekers
  • early release of superannuation.

For a complete breakdown, keep reading - and don't forget to subscribe to our free, weekly eNewsletter for updates on COVID-19 and other issues impacting older Australians.

To read the full article, please visit the website.

 

 



Source:
Unknown Author, 2020, National Seniors Australia (https://nationalseniors.com.au/)

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