2 Apr 2014

Changes to minimum wage and benefits

9:07 am on 2 April 2014

The minimum wage, benefit and superannuation payments all increase on Tuesday. The Government says benefits will rise by 1.38 percent, in line with inflation.

Superannuation will rise by $14.60 a week for couples and by $9.50 a week for those living alone, to keep the payment at 66% of the average wage.

At the same time, ACC levies for employers and workers will drop.

The Government says that will save average households about $200 a year, small businesses about $180 a year and larger employers about $6000.

The student loan repayment scheme is also being toughened, particularly for borrowers living overseas.