Cost-of-living payment
The payment is a set amount rather than a percentage of pay the firm said to ensure those in the lower pay brackets benefited appropriately. In light of the challenging external circumstances affecting the cost of living weve taken the decision to make a one-off payment of 900 in Aprils salary to most colleagues.
From July 1 this year more than 10.
. The cost-of-living payment is one of two keystone measures unveiled in the federal budget the other being a tax offset for low and middle income earners.
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