With the beginning of a new financial year on 1 July, a wave of changes come into affect. In this episode of Money Matters, host Swati Sharma sits with 'tax surgeon' Nitin Saby to break down what's changing and what it means for you - from minimum wage rise and the income tax cut to payday super, expanded paid parental leave, and the new super and Medicare Levy Surcharge thresholds. Listen now via the play button on the image.
What you'll learn in this episode:
- How much is the minimum wage rising on 1 July, and how does the income tax cut change your take-home pay?
- What is payday super, and what does it mean for you as an employee, or as a small business owner?
- What's changing with paid parental leave and family payments for new and expecting parents?
- How are the super contribution caps and Medicare Levy Surcharge thresholds changing, and who benefits?
In this special episode of Money Matters, tax expert Nitin Saby, known as the 'tax surgeon', breaks down the major changes taking effect on 1 July 2026 as the new financial year begins.
Money Matters is SBS Hindi's plain-language guide to the money decisions that shape our lives: tax, super, mortgages, sending money home, and more. In conversation with industry experts, we break down one topic at a time, honestly and without the jargon.
Disclaimer: The information given in this podcast is of general nature and for educational purposes only. Contact a professional tax agent for advice tailored to your specific situation.
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