Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 3AW account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 3AW content and other benefits.


Joining is easy.

Advertisement
Advertisement
Advertisement

Why some workers may be in for a wage shock from July 1

Tom Elliott
Article image for Why some workers may be in for a wage shock from July 1

Some workers with salaries paid on an “including superannuation” basis may be in for a shock from July 1.

Many companies and corporations are planning using that remuneration structure to cover the increase in the superannuation guarantee.

It means while their superannuation will increase from 9.5 per cent to 10 per cent, it may mean their weekly take-home will go down.

“I don’t know if many people have thought about this,” Tom Elliott said.

Brendan Coates, Household Finances Program Director at the Grattan Institute, told Tom Elliott it would impact a significant number of people.

Press PLAY below to hear more about it

Tom Elliott
Advertisement