TODAY |

The minimum wage is going up today — here's how much more money you could be getting

The minimum wage is going up today.

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Benefits and superannuation payments are also getting a boost, up by 3 per cent. Source: 1 NEWS

Here's what you need to know:

The minimum wage is increasing $1.10 an hour to $20.

For someone working 40 hours a week, their weekly wage before tax will go up $44.

The training and starting-out minimum wages will also both increase to $16.00 per hour, remaining at 80 per cent of the adult minimum wage.

Workers will be able to earn more through work before their benefit payments are affected. People can earn up to $160 a week before their benefit it cut, up from $90.

Also, the new top tax rate is in effect, meaning income earned above $180,000 will be taxed at 13 per cent.