#  Small Business Alerts

##  Minimum wages increase from 1 July 2024

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#### From the 1st July 2024 the Minimum Wage increases

![](https://mail.finallysorted.com.au/images/blog/news/small-business-news-updates-sapience-financial.svg)

The Fair Work Commission has announced a 3.75% increase to the National Minimum Wage and minimum award wages. The increase applies from the first full pay period starting on or after 1 July 2024.

The contribution caps are indexed to wage growth based on the prior year December quarter’s average weekly ordinary times earnings (AWOTE).

- [Calculate the correct pay rates](https://calculate.fairwork.gov.au/FindYourAward)
- [Find award pay guides](https://www.fairwork.gov.au/employment-conditions/awards)
- [Work out annual leave and other allowances](https://calculate.fairwork.gov.au/Leave)

Find out more information at [Fair Work Ombudsman](https://www.fairwork.gov.au).