Monthly update, August 2020

The JobKeeper scheme gets an update, plus an extension

The JobKeeper payment, which was originally due to run until 27 September, will now continue to be available until 28 March 2021. There will however be some changes to eligibility, as well as a tightening of payment rates. We run through the details.

We also reveal a largely unforeseen danger for insurance cover in the early release of super scheme, and look at the unfamiliar territory, from a tax point of view, that COVID-19 has put property investors.

This issue reflects the law when it was published. Tax and super rules change often, so please call us before acting on anything in it.