Louie welcomes us into the new financial year by discussing the main changes taking effect from today:

• National Minimum Wage Increase
• Adult Minimum Award Wage Increase (for most Awards)
• Superannuation Guarantee Increase
• $450 monthly minimum ordinary earnings threshold removed for superannuation purposes
• Cessation of the Pandemic Leave Disaster Payment
• Low and Middle Income Tax Offset Increase

Happy New Financial Year!

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Disclaimer: Shooting for the Stars Podcast is provided for general information purposes only and does not constitute accounting, legal, tax, or other professional advice. Listeners should not act upon the content or information without first seeking appropriate advice from an accountant, financial planner, lawyer or other professional.