FINANCE

What could a Biden Presidency mean for market outcomes?

What could a Biden Presidency mean for market outcomes?

Market performance in the wake of the US election has been overwhelmingly positive, with Australian and US shares up 11% in November, Japanese shares up 16% and Eurozone shares up 17%. It’s somewhat of an ironic note, given Donald Trump’s fondness to cite stock market strength as indicators of his own economic success, and yet it’s gone up on news of his election loss.

Potential tax incentive for career change

Potential tax incentive for career change

The challenges of an ever-changing labour market have prompted the federal government to consider tax incentives for Australians to change careers. A discussion paper published on Friday is calling for stakeholders’ views on whether tax deductions on education and training expenses unrelated to a person’s current job could support their future employment.

Be aware of the insurance implications of the early super release scheme

Be aware of the insurance implications of the early super release scheme

At the start of the COVID-19 pandemic, the federal government announced a program allowing Australians in financial distress to withdraw up to $20,000 from their superannuation funds to help them cover their expenses during this difficult year.