All the changes coming to Australia on July 1
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작성자 Micheal 작성일24-06-10 20:24 조회2회 댓글0건본문
Australians are set to have an inconvenient and more expensive start to the new financial year on July 1, but some will be in for a much-needed windfall.
This Friday is set be a painful winter's day for many, dealing with tax returns, the expiry of tax relief and a surge in the cost of electricity.
But at least those working for someone else are set to get more generous superannuation, with every adult now set to have retirement savings contributions from their boss regardless of how little they earn.
Australia's 2.7 million minimum wage and low-paid workers will also receive a $40-a-week pay rise, or a level of up to 5.2 per cent, which is slightly above inflation, now surging at the fastest pace in two decades.
Road tolls in Australia's cities will also rise from today, with increases on Sydney's already expensive roads to go up between 1 and 2.1 per cent, potentially costing drivers an extra $100 over the next year.
Daily Mail Australia looks at how the new 2022-23 financial year will affect you.
The National Minimum Wage, which covers workers not included in an award or in a registered individual contract, will increase by $40 per week from July 1 - just one of many changes which will impact Australians' lives
Tax returns
Since the pandemic began in March 2020, professionals have been able to claim a flat 80 cent-an-hour rate for their expenses instead of having to manually add them up.
The shortcut was meant to have ended on June 30, 2021 but the Australian Taxation Office extended it for another year as Sydney and Melbourne were placed into long lockdowns.
With Delta outbreaks no longer forcing people to work from home, from July 1 the convenient 80 cent an hour method will no longer be available.
Instead, those working from home will be required to keep their electricity, internet and phone bills and manually add up their expenses to claim a lower 52 cent an hour deduction, in preparation for doing their 2022-23 tax return in the second half of 2023.
This Friday is set be a painful winter's day for 개인파산인터넷가입 many from more complicated tax returns to the expiry of tax relief for low and middle-income earners (pictured is Treasurer Jim Chalmers with his wife Laura in Brisbane)
This Friday is set be a painful winter's day for many, dealing with tax returns, the expiry of tax relief and a surge in the cost of electricity.
But at least those working for someone else are set to get more generous superannuation, with every adult now set to have retirement savings contributions from their boss regardless of how little they earn.
Australia's 2.7 million minimum wage and low-paid workers will also receive a $40-a-week pay rise, or a level of up to 5.2 per cent, which is slightly above inflation, now surging at the fastest pace in two decades.
Road tolls in Australia's cities will also rise from today, with increases on Sydney's already expensive roads to go up between 1 and 2.1 per cent, potentially costing drivers an extra $100 over the next year.
Daily Mail Australia looks at how the new 2022-23 financial year will affect you.
The National Minimum Wage, which covers workers not included in an award or in a registered individual contract, will increase by $40 per week from July 1 - just one of many changes which will impact Australians' lives
Tax returns
Since the pandemic began in March 2020, professionals have been able to claim a flat 80 cent-an-hour rate for their expenses instead of having to manually add them up.
The shortcut was meant to have ended on June 30, 2021 but the Australian Taxation Office extended it for another year as Sydney and Melbourne were placed into long lockdowns.
With Delta outbreaks no longer forcing people to work from home, from July 1 the convenient 80 cent an hour method will no longer be available.
Instead, those working from home will be required to keep their electricity, internet and phone bills and manually add up their expenses to claim a lower 52 cent an hour deduction, in preparation for doing their 2022-23 tax return in the second half of 2023.
This Friday is set be a painful winter's day for 개인파산인터넷가입 many from more complicated tax returns to the expiry of tax relief for low and middle-income earners (pictured is Treasurer Jim Chalmers with his wife Laura in Brisbane)
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