Five huge changes to WA household budgets coming this week
By Oliver Lane
Minimum wage, superannuation and parental leave are all set for a shake-up as the new financial year is ushered in on Tuesday.
From how you get paid to how much you’ll be charged for electricity, there are plenty of changes in store and PerthNow spoke to two financial experts to break down what it will mean for you.
From July 1, those on the national minimum wage will have their pay boosted by 3.5 per cent. The wage will be lifted to $24.95 per hour or $948 per week.
About 2.9 million people will benefit from the boost.
In Western Australia employees over the age of 21 will see a 3.75 per cent increase to the minimum wage, equivalent to $953.00 per week.