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.
The Coronavirus pandemic remains
a concern as we see new waves
emerge, particularly in Europe and the
United States. In Australia, thankfully,
the case growth is currently well-
contained and the emphasis is now
firmly on economic recovery.
Without a vaccine we are likely to see
new lockdowns and restrictions on
people’s movement as a backdrop of
2021. These remain one of the few
options to counteract new surges,
but we also expect Governments will moderate how far they go to reduce
the economic cost.
> 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.