AusPol / 03 July 2023
Get set for a new financial year…
Good question, because there are several changes on the books. Parents will now have access to 20 weeks of paid parental leave, with couples able to split the time between them as they like. The start of the Albanese Government’s $5.4 billion childcare subsidy changes also come into effect to benefit 1.2 million families – but there are concerns about what it will do to fees… At the other end of the age spectrum, Aussies must now wait until 67yo to access the aged pension. And minimum/award wage workers will get a pay bump, and all workers get more put away in superannuation. And first-time house hunters can now team up with friends and family to jointly access the various government-subsidised on-ramps into the property market. Calculators out…
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