The team at Required can help you take the right steps towards the financial future you want.
Established in 1991, Required Financial Services provides a comprehensive range of personal and business services. Our team has extensive experience in many aspects of wealth management, lending and risk insurance. This means we are well placed to provide our clients with comprehensive financial services and solutions.
Following the Victorian Government announcement of Stage 4 restrictions coming into effect on COB Wednesday 5th August 2020, please be advised that your committed team at Required Financial Services will be ALL working remotely from home.
Our commitment to your ongoing servicing needs will not alter and it is business as usual.
While we are making every effort to minimise disruption to our clients there may be some delays. We thank you for your patience and understanding as we work through this challenge together.
•Share markets were mixed to start 2021 with developed markets such as the US and Europe falling while emerging markets rose strongly, led by China.
• Vaccine rollout continued to be a focus and at times, a point of tension, as countries looked to secure supply and distribute to their citizens with Israel remaining a global standout.
• Slowing case and death numbers saw the severity of the coronavirus pandemic soften during the month.
• Joe Biden was inaugurated as President of the United States and proceeded to unwind several policy stances by the Trump.
> The Budget is forecast to result in a record deficit peaking at $966 billion (44% of GDP) in 2024. However, thanks to record low interest rates, this comes with only a minimal increase in interest payments.
> Jobs are the Government’s primary focus — creating jobs and keeping jobs, with the introduction of the JobMaker plan (including a $100-$200 per week hiring credit for eligible employees/employers and reimbursement of up to 50% of an apprentice’s training) and the JobTrainer fund.
> Tax cuts will play a major role and, unlike other economic downturns, there will be no deficits tax on high income earners. Stage 2 personal income tax cuts are to be brought forward 2 years, backdated to 1 July 2020, with tax savings for around 7 million Australians of $2,000 or more.