There are growing calls for Australian workers to be given an extra week of paid annual leave, with one expert dismissing claims it would cost businesses too much. Late last year, the union for retail workers struck a deal with homewares giant IKEA to increase the leave entitlements of 4000Continue Reading
The start of the new financial year is just around the corner, and as always there are a raft of big changes kicking in. “The end of the financial year always brings with it the opportunity to get your finances in order,” said Sarah Megginson, personal finance expert at comparisonContinue Reading
More than 2.6m Aussie workers will receive at least an additional $33.10 a week from July 1, the workplace umpire has ruled. The order, handed down by the Fair Work Commission on Monday, will increase award and minimum wages by 3.75 per cent, with the national minimum wage set toContinue Reading
Inflation could return to the Reserve Bank’s target band by the end of 2024, Tuesday’s federal budget will show, a full year ahead of the Reserve Bank’s own forecasts which predict a resurgence in price pressures. In positive news for cash strapped households, Treasurer Jim Chalmers third budget will predictContinue Reading
Australians already grappling with increased mortgage repayments or rent hikes and high consumer prices can expect to pay more on a range of bills in the second half of the year. Health insurance premiums, phone plans and energy bills for some households are all about to become more costly, andContinue Reading
There are new calls for the superannuation guarantee to be extended to gig economy workers, with a report showing they’re missing out on $400m per year in retirement savings. The Industry Super Australia (ISA) analysis, released on Tuesday, shows “the average gig worker could have up to $29,000 more inContinue Reading
The federal government wants to tighten the lock on superannuation funds to make it more difficult for Australians to access their savings early, ensuring they have a comfortable retirement. According to Treasury, 78 per cent of Australians have money in their superannuation account. The pool has grown from around $148Continue Reading