1 July brings tax cuts, wage adjustments, energy cost updates, and superannuation changes to Australia's financial landscape.
Australia's financial landscape faces significant changes on July 1, including tax cuts, minimum wage adjustments, energy cost updates, and superannuation changes. Stage 3 tax cuts will provide a cash boost for many Australians, as 40% hold less than $1000 in their bank accounts and 48% could survive on savings for only a month if their income stops. Finder personal finance expert Sarah Megginson suggests July 1 could serve as an opportunity for Australians to rebuild their finances.
June 13, 2024
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