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Should You Wait to Lodge Your Tax For the 20% HECS Discount? And a Spicy DM About Unequal Pay · She's On The Money

• 0:00
  Speaker 1: My name's Tasha Bamblet. I'm a proud First Nations woman
• 0:03
  Speaker 1: and I'm here to acknowledge country t Glenn Young Ganya, Niana,
• 0:08
  Speaker 1: Kaka yah y and beIN Ahaka Nian our gay In Mbini,
• 0:11
  Speaker 1: yakarum jar dominyamiga Umagahawaka Woman damon imlan Bumba ban Gadabomba
• 0:17
  Speaker 1: in and now in wakah ghan On yak rum jar
• 0:20
  Speaker 1: water Nadaa. Hello, beautiful friends, we gather on the lands
• 0:24
  Speaker 1: of the Aboriginal people. We thank acknowledge and respect the
• 0:28
  Speaker 1: Aberiginal people's land that we're gathering on today. Take pleasure
• 0:31
  Speaker 1: in all the land and respect all that you see.
• 0:34
  Speaker 1: She's on the Money podcast acknowledges culture, country, community and connections,
• 0:40
  Speaker 1: bringing you the tools, knowledge and resources for you to thrive.
• 0:45
  Speaker 2: She's on the Money. She's on the Money. Hello and welcome.
• 1:09
  Speaker 2: She's on the Money, the podcast that makes finance fun
• 1:12
  Speaker 2: or personal finance fun.
• 1:14
  Speaker 3: Well.
• 1:14
  Speaker 2: I don't know what I meant to say, but that
• 1:16
  Speaker 2: we do it, especially on Fridays. Right It's our favorite
• 1:19
  Speaker 2: day of the week because I get to get my
• 1:21
  Speaker 2: team together and then what we do is we celebrate
• 1:24
  Speaker 2: you ow incredible. She's on the money community, Miss just Grici,
• 1:28
  Speaker 2: she's back and she's going to be sharing our favorite
• 1:30
  Speaker 2: money wins. Miss beck Sayeed is going to be sharing
• 1:32
  Speaker 2: her broke tips, and we're going to be helping to
• 1:34
  Speaker 2: answer a juicy money dilemma, which this week is all
• 1:37
  Speaker 2: about whether you should wait to lodge your tax return
• 1:40
  Speaker 2: until after the official twenty percent off Hex announcement, which
• 1:45
  Speaker 2: I've had a lot of dms about, and something that
• 1:48
  Speaker 2: you slid into our DMS legitimately about was what should
• 1:52
  Speaker 2: you do if you found out that your colleague is
• 1:54
  Speaker 2: earning twenty five percent more than you because you saw
• 1:58
  Speaker 2: their pay slip and you weren't meant to you do
• 2:00
  Speaker 2: the same. Damn job.
• 2:02
  Speaker 4: Oh I hate it.
• 2:04
  Speaker 2: But before we get there, how are your weeks? It's
• 2:06
  Speaker 2: been lovely? When did I do?
• 2:08
  Speaker 4: Oh? I saw Beetlejuice. I know we spoke about that
• 2:10
  Speaker 4: a few weeks ago. It was wonderful. Highly recommend it
• 2:13
  Speaker 4: to anyone. I do. I like it. I actually think
• 2:16
  Speaker 4: you would because it's it's very comedy infused, like it's
• 2:19
  Speaker 4: not a traditional musical, and there's like lots going on,
• 2:23
  Speaker 4: like there's just all this stuff like I don't want
• 2:26
  Speaker 4: to spoil it, but like, lots of things happen, but
• 2:28
  Speaker 4: it's like fun, it's very fun. Oh my god. The
• 2:31
  Speaker 4: two leads were unbelievably talented. I would highly recommend it.
• 2:34
  Speaker 4: They were doing ninety nine dollar tickets, so okay, okay,
• 2:37
  Speaker 4: money win, money win.
• 2:38
  Speaker 1: For you guys.
• 2:39
  Speaker 4: There.
• 2:39
  Speaker 2: It's a musical.
• 2:40
  Speaker 4: It is a musical, Okay, okay. I haven't seen the movie,
• 2:42
  Speaker 4: so you know, I don't think you have to have
• 2:43
  Speaker 4: seen the movie to appreciate it.
• 2:45
  Speaker 5: Oh that's good to know.
• 2:46
  Speaker 2: I also haven't seen the movie.
• 2:47
  Speaker 4: Maybe we can watch it together.
• 2:49
  Speaker 2: I'm more than welcome or like, I welcome the idea
• 2:51
  Speaker 2: of watching it together. But I'm so boring that, Like
• 2:54
  Speaker 2: I'm not a movie girl. I'm a reality TV girl.
• 2:56
  Speaker 2: And even then I have to scroll on my phone. Yeah,
• 2:59
  Speaker 2: like I just I wish I was called like just
• 3:01
  Speaker 2: a got preatchy.
• 3:03
  Speaker 5: Culture.
• 3:04
  Speaker 2: How was Yeah, I'm not culture. How was your week back? Yeah?
• 3:08
  Speaker 2: It was nice, it was chill.
• 3:10
  Speaker 3: It's I've been like live love laughing, yeah, live love
• 3:13
  Speaker 3: laughing and on and off sick for like a million years,
• 3:17
  Speaker 3: gone through it be gone. You know, sometimes you just
• 3:20
  Speaker 3: just be like that, which is totally fine because I
• 3:22
  Speaker 3: feel like I feel like my house is also kind
• 3:25
  Speaker 3: of sick, so I feel like that's yeah, just like
• 3:27
  Speaker 3: you just reinfect each other. Yeah, exactly exactly, So we're
• 3:32
  Speaker 3: in this like cycle right now. But it's also just
• 3:35
  Speaker 3: been really cozy.
• 3:35
  Speaker 2: And nice and and yeah, just just loving life. What
• 3:39
  Speaker 2: about VD No, honestly also loving life. I didn't grow
• 3:43
  Speaker 2: to beetle Juice. A lot of the team did, though.
• 3:45
  Speaker 2: I feel like you rallied the troops and you were
• 3:47
  Speaker 2: like team outing, and I was like, how fun back.
• 3:51
  Speaker 3: Do you know?
• 3:51
  Speaker 2: I was a little bit jealous though, because like everyone
• 3:53
  Speaker 2: on the team has come back and they're like, oh,
• 3:55
  Speaker 2: it was really good, and I'm like, was it it
• 3:57
  Speaker 2: mus be nice? Anyway?
• 3:59
  Speaker 3: It was.
• 4:00
  Speaker 2: Yeah, it was a busy week, a good week. I
• 4:03
  Speaker 2: feel like since thirty June, as you guys know, also
• 4:06
  Speaker 2: run a finance company, I've been able to have a
• 4:08
  Speaker 2: little bit more of a breather, which has been nice
• 4:11
  Speaker 2: to like take a step back, take a breath. I
• 4:13
  Speaker 2: have been sharing on my own social media actually at
• 4:16
  Speaker 2: the moment that I'm selling my house, and so that's
• 4:20
  Speaker 2: just keeping us quite chaotic, like because we're trying to
• 4:23
  Speaker 2: pack up the house to move. But then we're also
• 4:26
  Speaker 2: in the process of working out, well which furniture stays
• 4:29
  Speaker 2: in the house for it to like be styled up
• 4:31
  Speaker 2: and look really nice to sell. Which furniture do we
• 4:34
  Speaker 2: need to get rid of? So there's like a process
• 4:36
  Speaker 2: of like what do we move out of the house,
• 4:38
  Speaker 2: what don't we where do we put it? What does
• 4:40
  Speaker 2: that look like?
• 4:40
  Speaker 4: Seal it? What do we do with it?
• 4:41
  Speaker 1: Yeah?
• 4:42
  Speaker 4: Do we sell it?
• 4:42
  Speaker 2: Do we keep it?
• 4:43
  Speaker 3: You know?
• 4:44
  Speaker 2: What would a new house needs? You know what I mean?
• 4:46
  Speaker 2: Just like all of these things. And then also I
• 4:48
  Speaker 2: have a baby, and then we've got like three pets,
• 4:50
  Speaker 2: which is driving the reason. So for those of you
• 4:52
  Speaker 2: playing along at home, I'm selling our house because we
• 4:55
  Speaker 2: want to upgrade our house at some point soon and
• 4:58
  Speaker 2: we this is again very privileged to have this option.
• 5:01
  Speaker 2: I own a second house on the Mornington Peninsula, and
• 5:04
  Speaker 2: my husband and I are moving there while we sell
• 5:07
  Speaker 2: our primary residence because I just cannot fathom the idea
• 5:12
  Speaker 2: of working full time, having a one and a half
• 5:15
  Speaker 2: year old, three pets, and doing open for home inspections,
• 5:19
  Speaker 2: because like I best, I promise you if you think
• 5:23
  Speaker 2: my home is beautiful, all the time, you are wrong.
• 5:26
  Speaker 2: There is duplo from I don't even know where all
• 5:31
  Speaker 2: this duplow came from. It is everywhere, it does, and
• 5:35
  Speaker 2: like duplo, it's like the bigger.
• 5:37
  Speaker 5: Version of Lego, Like.
• 5:40
  Speaker 2: Yep, I've got a train track running under my couch
• 5:43
  Speaker 2: at the moment. Like there's just everything everywhere. And this
• 5:46
  Speaker 2: morning when I got in the shower, my husband had
• 5:49
  Speaker 2: been up for a few hours before me, there was
• 5:51
  Speaker 2: half a banana just sitting on the floor in the
• 5:53
  Speaker 2: shower waiting for where did that come from? And it
• 5:59
  Speaker 2: turns out that my husband had given our baby a banana,
• 6:01
  Speaker 2: and my husband thought that the baby ate at all
• 6:03
  Speaker 2: at that and Harvey was like, oh, I was just
• 6:05
  Speaker 2: storing it in the shower. So later anyway, So like
• 6:09
  Speaker 2: life is chaos. It is good, but it is Yeah,
• 6:12
  Speaker 2: it's really stressful selling your house. So anyway, the plug
• 6:15
  Speaker 2: there was I'm sharing the whole process of selling my house.
• 6:18
  Speaker 2: As you guys know, I work in the property space already,
• 6:21
  Speaker 2: and I just feel like there's not enough transparency of like, well,
• 6:24
  Speaker 2: what does it cost to sell your house? How do
• 6:27
  Speaker 2: you prepare for that? Like, also, how are we buying
• 6:30
  Speaker 2: a new house? What will that look like? And like, yeah,
• 6:34
  Speaker 2: I think the transparency hopefully will be welcomed fantastic. Anyway,
• 6:39
  Speaker 2: I would like to read you guys a five star
• 6:42
  Speaker 2: review before we do like money wins and broke Tips.
• 6:45
  Speaker 2: Would that be okay?
• 6:46
  Speaker 3: Yes?
• 6:46
  Speaker 5: Please?
• 6:46
  Speaker 4: I would love that. Okay.
• 6:47
  Speaker 2: So this one's from Amy Lee Lauren cute name. I
• 6:50
  Speaker 2: don't know if her name's amy Lee Lauren or Lauren
• 6:52
  Speaker 2: is her surname. I've spent a long time thinking about
• 6:55
  Speaker 2: this because like, girl, are you related to Ralph Lauren?
• 6:58
  Speaker 2: Is that what it is?
• 6:59
  Speaker 4: Lovely?
• 7:00
  Speaker 2: Anyway? She says Deep Dives are the best we know,
• 7:04
  Speaker 2: don't we? She says, my favorite episodes are the Deep Dives.
• 7:08
  Speaker 2: The three girls always keep me super engaged and I
• 7:11
  Speaker 2: love to learn new things. Oh, I just thought that
• 7:14
  Speaker 2: was a really short but sweet one.
• 7:16
  Speaker 4: So thank you Amy. Let those reviews to keep them coming, Queens, please.
• 7:21
  Speaker 2: Do, because honestly, this is like a shameless plug. If
• 7:25
  Speaker 2: you love She's on the money. One of the best
• 7:27
  Speaker 2: ways you can support us is obviously sharing it with
• 7:30
  Speaker 2: your friends, but leaving a review or even hitting subscribe,
• 7:34
  Speaker 2: because the algorithm sees that people are subscribing and liking
• 7:38
  Speaker 2: this content, so they push it to more people that
• 7:40
  Speaker 2: they think might look like you, like, you know, data wise,
• 7:43
  Speaker 2: so that maybe we could get some more friends.
• 7:46
  Speaker 4: And it's free, doesn't customate literally.
• 7:48
  Speaker 2: Free money win, all right, Jessica, Money wins, Money wins
• 7:53
  Speaker 2: had confessions, all right.
• 7:56
  Speaker 4: First, only think I've got money when from Rosa, who
• 7:58
  Speaker 4: said she used Flybys dollars to pay for her petrol,
• 8:01
  Speaker 4: so I tank feel up was free. Very clever. We
• 8:05
  Speaker 4: love that. Next, I've got a money loss, but toptually
• 8:08
  Speaker 4: a money win from Danny. Danny said money loss. I
• 8:10
  Speaker 4: lost my earrings down the drain. That's so stressful, very
• 8:14
  Speaker 4: stress Okay, jumped in there and said, have you opened
• 8:17
  Speaker 4: up the spend because there's a very good chance that
• 8:19
  Speaker 4: they're sitting in there, and it's relatively easy to do.
• 8:22
  Speaker 4: Spend is a little bit unners, which god true because
• 8:25
  Speaker 4: it's shaped like an asset like. Because it's flat, things
• 8:28
  Speaker 4: can often get caught there. So hopefully Daddy opens it
• 8:30
  Speaker 4: up and finds them sitting there waiting for her.
• 8:33
  Speaker 3: Daddy Danny, I suspected, saying Danny either, okay, I just
• 8:38
  Speaker 3: want to make sure someone's into something.
• 8:42
  Speaker 5: I was getting very excited.
• 8:43
  Speaker 4: Next, I've got a money in from Erin who said
• 8:45
  Speaker 4: she got her birthday voucher from the body shop and
• 8:47
  Speaker 4: the product she wanted were on sale, so she didn't
• 8:49
  Speaker 4: have to pay anything. It was all free. We love that.
• 8:52
  Speaker 4: And then I've also got a money in from Fiona
• 8:53
  Speaker 4: who said she ordered some sheets. They didn't end up
• 8:56
  Speaker 4: having the color that she wanted in stock, so instead
• 8:58
  Speaker 4: she was able to order a different color, but they
• 9:01
  Speaker 4: honored the cheaper price. Okay, thank you, save your sell
• 9:04
  Speaker 4: one hundred and two dollars. Thank you for coming money, genuinely,
• 9:08
  Speaker 4: very much so. And then lastly this week, I've got
• 9:10
  Speaker 4: a money win from Amy who said she's heading overseas
• 9:13
  Speaker 4: later in the year and she's been keeping an eye
• 9:16
  Speaker 4: on a tour that she really wants to do, hoping
• 9:18
  Speaker 4: that it would go on sale, and it did. She
• 9:20
  Speaker 4: checked up eight hundred.
• 9:21
  Speaker 2: Dollars I didn't even know went on sale. That's kind
• 9:23
  Speaker 2: of what I thought.
• 9:24
  Speaker 4: I thought, Oh, that's a good little thing to know,
• 9:26
  Speaker 4: is you know, if you're doing like a kentiki or
• 9:28
  Speaker 4: a top deck or any other things, keep an eye
• 9:31
  Speaker 4: out for some price changes.
• 9:33
  Speaker 3: We do.
• 9:34
  Speaker 2: Indeed, great beck Ci ed, what have you got when
• 9:37
  Speaker 2: it comes to broke tips for us this week, So this.
• 9:40
  Speaker 3: Week I've got first one comes from Courtney, who says,
• 9:43
  Speaker 3: my drive Hero is an app that tracks you're driving
• 9:46
  Speaker 3: and you earn money for speed and distraction.
• 9:49
  Speaker 2: I'm assuming not for.
• 9:51
  Speaker 4: Not speeding and not driving distractions.
• 9:53
  Speaker 3: Yes, because in my head I'm like, I could have
• 9:56
  Speaker 3: been making so much money.
• 10:00
  Speaker 5: Stricture always feeding. I'm just kidding, don't. Definitely don't do that.
• 10:03
  Speaker 2: So basically you're.
• 10:04
  Speaker 3: Getting paid to drive safely and can just cash it
• 10:07
  Speaker 3: out into your account. The free version does have ads,
• 10:10
  Speaker 3: but you can pay to remove them if you think
• 10:12
  Speaker 3: it's worthwhile.
• 10:13
  Speaker 2: That's so such a good idea. That's actually really good money.
• 10:16
  Speaker 4: Make money doing something you should be doing anyway, Yes, exactly.
• 10:22
  Speaker 3: The next one comes from Kate, who says, rather than
• 10:24
  Speaker 3: chucking out the crusts at the end of a loaf
• 10:26
  Speaker 3: of bread, I freeze them in a bag together and
• 10:28
  Speaker 3: then use them for meals. I don't mind eating the crust.
• 10:31
  Speaker 3: With example, to dip soup, you can make.
• 10:34
  Speaker 2: Creutons very out of mind and also grass lading my
• 10:38
  Speaker 2: child into thinking that that's the best bit special bread.
• 10:43
  Speaker 2: Only two bits you gonna have this or do you
• 10:47
  Speaker 2: think do you think Dad will get this? Do you
• 10:51
  Speaker 2: want it?
• 10:53
  Speaker 4: I love it?
• 10:54
  Speaker 2: That's so good, just like keeps the old Regon. I'm like,
• 10:58
  Speaker 2: crusts really.
• 10:59
  Speaker 5: Aren't that different you and I are they?
• 11:01
  Speaker 4: I completely disagree, But do you know what do you know?
• 11:04
  Speaker 2: It's only the crust on like a wonder white that
• 11:07
  Speaker 2: I'm like, nah, I could pass. But the crust of
• 11:10
  Speaker 2: like a sour dough loaf that is valuable Wheelers, That
• 11:13
  Speaker 2: is good. That is the best bit. No, when you like, oh,
• 11:17
  Speaker 2: get a fresh loaf of bread, and then you like
• 11:19
  Speaker 2: get the crust, and then you add equal amounts of butter. Yeah, yeah,
• 11:23
  Speaker 2: a little sprinkle of salt.
• 11:24
  Speaker 4: I got a little shiver just that.
• 11:27
  Speaker 6: Anyway.
• 11:27
  Speaker 3: Sorry, no, no, no, I mean but by that, I
• 11:30
  Speaker 3: mean like, I don't really think they make your hair
• 11:31
  Speaker 3: curly and all those kind of other myths. Got it
• 11:34
  Speaker 3: only get better.
• 11:34
  Speaker 2: I wouldn't even think of that. I was just thinking
• 11:36
  Speaker 2: of my stomach.
• 11:38
  Speaker 4: I was on a normal bit of bread, but a
• 11:40
  Speaker 4: crust on the end. You don't have French bage middle bit.
• 11:45
  Speaker 3: Yeah, well, I just I don't think they're more nutritiously
• 11:46
  Speaker 3: It's okay if you don't want them anyway, my broke tip.
• 11:49
  Speaker 2: Yes, this is probably silly one, but does it eat
• 11:52
  Speaker 2: the crusts? Because that would be silly to repeat it
• 11:55
  Speaker 2: broke tip.
• 11:56
  Speaker 3: Are you know what I'm gonna say, It's kind of similar, okay,
• 11:59
  Speaker 3: and you'll maybe figure out why. So I was in
• 12:02
  Speaker 3: Kmart and I was like, you know, getting a clicking
• 12:04
  Speaker 3: collect and then I was like waiting and just like
• 12:06
  Speaker 3: looking around and you know those big like metal what
• 12:09
  Speaker 3: are they called, like cabinets.
• 12:10
  Speaker 2: I guess I don't know where this is going, so
• 12:12
  Speaker 2: I have no idea what we wean.
• 12:14
  Speaker 5: Well, it's like it's kind of like a cage, but
• 12:16
  Speaker 5: it's like open, it's like quite tall.
• 12:17
  Speaker 2: It's like you know, there's like, oh yeah, shelves on it.
• 12:19
  Speaker 2: Yeah okay, yeah yeah.
• 12:20
  Speaker 3: And there's always just like random things that I'd never
• 12:23
  Speaker 3: bothered to look at before. They're also in Woolworths, just
• 12:25
  Speaker 3: a random sections with like things that are like poorly
• 12:28
  Speaker 3: glad wrapped together, like duct tape together, and big stickers
• 12:31
  Speaker 3: with specials like.
• 12:32
  Speaker 4: Britans and seconds, damage stock and stuff.
• 12:35
  Speaker 3: And I was like, oh my god, I forgot this exists,
• 12:37
  Speaker 3: and so I wanted to like just this is not
• 12:41
  Speaker 3: what I'm suggesting, but if you have your eye on something,
• 12:44
  Speaker 3: just see if it's there, or see if it ends
• 12:47
  Speaker 3: up there. Just always check that part of kmart to
• 12:49
  Speaker 3: see what kind of specials you can get.
• 12:51
  Speaker 5: There's so many cheap.
• 12:52
  Speaker 2: Things, like a camera for like fifty cents.
• 12:53
  Speaker 3: I was like, this is because I guess you can't
• 12:56
  Speaker 3: really sell it at full price if someone's returned it
• 12:58
  Speaker 3: and then the package looks really dodgy.
• 13:01
  Speaker 2: Just like, just have a look and see what you
• 13:02
  Speaker 2: can find.
• 13:02
  Speaker 5: I think it's great, and I'm not suggesting this, but
• 13:05
  Speaker 5: if you do return something and just.
• 13:07
  Speaker 4: Come back and see later if it's on the rack,
• 13:09
  Speaker 4: and come back.
• 13:10
  Speaker 5: For it if you really want to buy it.
• 13:12
  Speaker 2: This reminds me and completely rogue. When I was in
• 13:15
  Speaker 2: grade nine, I used to work at the Rosebud Target
• 13:19
  Speaker 2: doesn't exist anymore, and someone I don't know how they
• 13:23
  Speaker 2: managed to, but like would sometimes get returns. I think
• 13:25
  Speaker 2: the target policy went way back when I was in
• 13:28
  Speaker 2: grade nine, was like, if you had the receipt, they
• 13:30
  Speaker 2: would do a return. Like I don't think there was
• 13:32
  Speaker 2: a time limit on it, because one time I got
• 13:35
  Speaker 2: a ferby when I was in grade nine and I
• 13:38
  Speaker 2: desperately wanted a Ferby when I was younger, like grade five,
• 13:41
  Speaker 2: me would have been frothing yeah, but I didn't, so
• 13:44
  Speaker 2: obviously I had to buy this one that got returned,
• 13:46
  Speaker 2: bought it for five cents.
• 13:47
  Speaker 4: Oh my god.
• 13:49
  Speaker 2: That's so that's a money win. And that was definitely
• 13:55
  Speaker 2: not a waste of money at all. I definitely got
• 13:58
  Speaker 2: a lot of value out of that Ferby.
• 14:00
  Speaker 3: Yeah, yeah, yeah, anyway, and maybe bought it full priced,
• 14:03
  Speaker 3: returned it and then got it for five cents.
• 14:05
  Speaker 2: Who could say, yeah, do you know what? I didn't,
• 14:08
  Speaker 2: but I should have. You should have. I should have
• 14:10
  Speaker 2: because that would have been gaming the system. Anyway, Let's
• 14:13
  Speaker 2: go to a really quick break because I want to
• 14:15
  Speaker 2: get into the juicy stuff we have been getting. I
• 14:17
  Speaker 2: would say, hounded by you guys asking us, and this
• 14:20
  Speaker 2: is a very valid question, should be be waiting to
• 14:23
  Speaker 2: lodge our tax returns? Because that twenty percent off? Like
• 14:27
  Speaker 2: you know how they're taking twenty percent off? Hex announcement
• 14:30
  Speaker 2: hasn't officially like rolled over. I've got an answer, don't worry.
• 14:34
  Speaker 2: You have to stick around for it though. And also
• 14:36
  Speaker 2: there's something juicy that you slid into our DMS about guys,
• 14:40
  Speaker 2: what do you do when you find out that your
• 14:42
  Speaker 2: colleague going is twenty five percent more than you for
• 14:44
  Speaker 2: the same damn job. But you found out because you
• 14:47
  Speaker 2: saw a pay slip and you shouldn't have seen their
• 14:49
  Speaker 2: play slip. So they don't know that you know, and
• 14:51
  Speaker 2: your boss doesn't know that you know. But you have
• 14:53
  Speaker 2: this information, and what do you do anyway? Don't go anywhere?
• 15:00
  Speaker 4: Well, welcome back everybody. Let's take a listen to this
• 15:03
  Speaker 4: week's money dilemma.
• 15:06
  Speaker 6: Hi.
• 15:07
  Speaker 2: There, have you got a money dilemma you just can't solve?
• 15:10
  Speaker 2: The Sheese on the Money team is here to help.
• 15:12
  Speaker 2: Every week, we tackle your dilemmas, both big and small,
• 15:15
  Speaker 2: to answer your most burning money, career and life questions.
• 15:18
  Speaker 2: To get involved, simply head to our website and leave
• 15:21
  Speaker 2: us a short voice recording and you might just find
• 15:23
  Speaker 2: yourself on the show. Now, let's take a listen to
• 15:26
  Speaker 2: this week's money dilemma.
• 15:30
  Speaker 7: Hi, guys, I've got a question for tax time. With
• 15:33
  Speaker 7: the upcoming legislation of the government coming in to reduce
• 15:37
  Speaker 7: our hextap by twenty percent, should we wait until that
• 15:42
  Speaker 7: hits before lodging our tax return. Let me know your thoughts.
• 15:47
  Speaker 2: Thanks, It's a very good question.
• 15:48
  Speaker 4: Because I feel like a lot of people forget that
• 15:50
  Speaker 4: you can't submit your tax return on July first, as
• 15:54
  Speaker 4: much as I would love to, because we don't have
• 15:56
  Speaker 4: our stuff together, Like, yeah, you need all your documents
• 15:58
  Speaker 4: and stuff, but I actually have no idea.
• 16:00
  Speaker 2: And even if you're like the most organized person ever,
• 16:02
  Speaker 2: because Jessica Ricci, if she could, she would, but like,
• 16:05
  Speaker 2: I don't, as your employer, Jess even have my end
• 16:08
  Speaker 2: of year financials until thirty June happens, and then I
• 16:11
  Speaker 2: have to wait until my accountant does all of the
• 16:14
  Speaker 2: stuff that he needs to do to go Okay, cool,
• 16:16
  Speaker 2: We're going to like review Jess's pay and make sure
• 16:18
  Speaker 2: that she was paid what she was meant to pay,
• 16:20
  Speaker 2: and then we can give her her like yeah tax statement,
• 16:23
  Speaker 2: and that takes like two weeks. Of course, they'd have
• 16:26
  Speaker 2: to really annoying. I get it. I found him as well.
• 16:30
  Speaker 2: I'm very annoying. But you just can't do it immediately.
• 16:33
  Speaker 2: Is it rude if I just dive in and answer this,
• 16:35
  Speaker 2: because I feel like if I ask you, beg you'll
• 16:37
  Speaker 2: be like, I don't have a hex that I'm paying off,
• 16:40
  Speaker 2: And I do, but I don't have a degree.
• 16:42
  Speaker 5: So but I didn't know that was a twenty percent
• 16:44
  Speaker 5: no idea.
• 16:45
  Speaker 2: I really good rised you're getting twenty percent off your
• 16:48
  Speaker 2: hex I see anxiety, And yes, you don't have any
• 16:51
  Speaker 2: hextst don't because you're smarter than a lot of people.
• 16:54
  Speaker 4: I just wasn't built for school. But I'm excited to
• 16:56
  Speaker 4: learn about what this means. I can tell my boyfriend
• 16:59
  Speaker 4: when I go home, because he have a lot of hextet.
• 17:01
  Speaker 2: I also have a lot of hex stets. So you
• 17:03
  Speaker 2: best believe that this was in my interest and because
• 17:07
  Speaker 2: I love you. I also called the ato. Oh oh,
• 17:10
  Speaker 2: and you called the ato. You have to spend a
• 17:13
  Speaker 2: lot of time on whole time, so you'll better be grateful. Anyway,
• 17:19
  Speaker 2: I'm going to give you a little bit of background
• 17:21
  Speaker 2: on the twenty percent off legislation because beck you didn't
• 17:24
  Speaker 2: know about it, and I feel like some people in
• 17:25
  Speaker 2: our community would have been like, Oh, I've seen it,
• 17:27
  Speaker 2: but I don't know what it means. Do I have
• 17:29
  Speaker 2: to apply for it? No, you don't. It's automatic. So
• 17:32
  Speaker 2: we obviously went through an election recently, which is important.
• 17:35
  Speaker 2: I'll come to that in hot second. But Labor have
• 17:38
  Speaker 2: said that they will give us twenty percent off our hex.
• 17:42
  Speaker 2: A lot of people voted for them because that's a
• 17:44
  Speaker 2: really good deal and they were like, great, no worries.
• 17:46
  Speaker 2: They have also come out and said that that's actually
• 17:50
  Speaker 2: one of the first pieces of legislation they want to introduce.
• 17:53
  Speaker 2: Now they haven't done that yet, not because they're lazy,
• 17:57
  Speaker 2: but because they've been busy getting all of their ducks
• 17:59
  Speaker 2: in a row. They've been changing literally everybody who's been
• 18:03
  Speaker 2: in Parliament for this new government, and they actually haven't
• 18:06
  Speaker 2: even met yet. So their first meeting is on July
• 18:09
  Speaker 2: the twenty second, which is actually next week, and at
• 18:12
  Speaker 2: that point they have said this is actually a top
• 18:14
  Speaker 2: priority for us because we promised it and now we
• 18:18
  Speaker 2: need to deliver, which honestly, that doesn't always happen with
• 18:21
  Speaker 2: government now. I feel like sometimes they promise stuff and
• 18:23
  Speaker 2: then they're like, oh, yeah, so we said that, but
• 18:27
  Speaker 2: what we meant was so anyway, I'm excited about this
• 18:31
  Speaker 2: and this will be the first time that government sits
• 18:34
  Speaker 2: or Parliament sits since their election. And they have said
• 18:38
  Speaker 2: that they're going to apply twenty percent retrospectively to any
• 18:45
  Speaker 2: balance remaining in your account on the first of June,
• 18:49
  Speaker 2: so if you paid it off earlier this year. Sorry,
• 18:51
  Speaker 2: it's not going to apply to you. You have to
• 18:53
  Speaker 2: have been in the like, you have to have money
• 18:57
  Speaker 2: in your account. Essentially, you have to owe the money
• 18:59
  Speaker 2: on the first of June, and that is before indexation
• 19:04
  Speaker 2: was applied. Yeah, that's important because a lot of questions
• 19:08
  Speaker 2: that we got was, oh my god, are they dragging
• 19:10
  Speaker 2: this out and not giving me the twenty percent off
• 19:13
  Speaker 2: and then it's going to index and then I'll owe
• 19:15
  Speaker 2: more money, And yes, I'll get my twenty percent off,
• 19:17
  Speaker 2: but I'll get twenty percent off more money, which will
• 19:20
  Speaker 2: actually not be as good as if you had applied
• 19:23
  Speaker 2: it before indexation happened. So they are applying it before
• 19:26
  Speaker 2: indexation applied. I think that's pretty sexy, to be honest.
• 19:30
  Speaker 2: They didn't have to do that from my perspective. They
• 19:33
  Speaker 2: could have still given us our twenty percent off back. Sure, Like, Sorry,
• 19:36
  Speaker 2: it happened after that date and we would have had
• 19:38
  Speaker 2: to just swallow it. Yeah, right, shout out to the government.
• 19:40
  Speaker 2: Shout out that. Honestly, I see what you're doing. I've
• 19:44
  Speaker 2: got a lot of thoughts on other areas, but right
• 19:46
  Speaker 2: now you're doing very well here. Anything paid off before June. Sorry,
• 19:50
  Speaker 2: if you already did it, no discount, you're not getting
• 19:52
  Speaker 2: money back. That's just not going to happen. It's not
• 19:55
  Speaker 2: the way it works, I see. And let's be honest,
• 19:58
  Speaker 2: this legislation could take a few months to pass because
• 20:01
  Speaker 2: when the government proposes something, they're not going to sit
• 20:03
  Speaker 2: on the twenty second and be like tick box, no worries.
• 20:06
  Speaker 2: Do you want to just give them their money? Now,
• 20:08
  Speaker 2: there's a lot of background stuff that has to happen
• 20:11
  Speaker 2: to make that happen, and as with any legislation, there's,
• 20:14
  Speaker 2: honestly there's a possibility that lots of people in Parliament
• 20:18
  Speaker 2: could be like that's bullshit, we don't want that to happen. Yeah,
• 20:21
  Speaker 2: and then it doesn't pass at all and you don't
• 20:24
  Speaker 2: get your twenty percent. So we think that's very very
• 20:27
  Speaker 2: unlikely to happen. But as I said before, it is
• 20:31
  Speaker 2: a risk. Yeah. I called up the ATO for you
• 20:33
  Speaker 2: and also for me, and they said paying your hex
• 20:37
  Speaker 2: is actually about the threshold, not the balance. So the
• 20:41
  Speaker 2: threshold for the twenty twenty four to twenty twenty five
• 20:44
  Speaker 2: financial year, which is the line that's just passed, is
• 20:47
  Speaker 2: fifty four hundred and thirty five dollars, but for your balance,
• 20:53
  Speaker 2: even if you are paying it throughout the year, you've
• 20:56
  Speaker 2: ticked the box that you have a heck stet. So
• 20:58
  Speaker 2: like when you join a business like Becky would have
• 21:01
  Speaker 2: ticked the box to say, yeah, I have HEX, and
• 21:02
  Speaker 2: then your employee starts paying it off. It's already coming
• 21:05
  Speaker 2: out of your pay so that money is held, and
• 21:08
  Speaker 2: then the balance is actually calculated at the end of
• 21:10
  Speaker 2: financial year, which I don't think a lot of people know.
• 21:13
  Speaker 2: I sorry, they're collecting it, they don't actually pay it off,
• 21:17
  Speaker 2: and then at the end of the financial year they
• 21:18
  Speaker 2: do it in one lump.
• 21:19
  Speaker 4: Some that's so interesting. Let's me and I suppose.
• 21:22
  Speaker 2: Kind of I find it annoying because like I'm the
• 21:25
  Speaker 2: type of person and I'm like, ha, girl, you're just
• 21:27
  Speaker 2: holding my money. You want to check it? Yeah, well
• 21:30
  Speaker 2: I want to check it, but I also want it
• 21:31
  Speaker 2: paid off. I don't want things lauding over like if
• 21:34
  Speaker 2: I've gone and said anyway, I just other thoughts like sorry, sorry,
• 21:38
  Speaker 2: back on track. No, this is me getting off track.
• 21:40
  Speaker 2: I've just got thoughts and feelings. So the twenty percent
• 21:43
  Speaker 2: off would only be a factor in your tax return
• 21:47
  Speaker 2: if you're close to paying off your HEX and overpaid,
• 21:52
  Speaker 2: so like you were still paying it off and like
• 21:54
  Speaker 2: some people still do this, like they tick the box
• 21:57
  Speaker 2: to say they have HEX even when they don't have HEX.
• 21:59
  Speaker 2: And then the government goes and collects all of the
• 22:01
  Speaker 2: HEX and then you do your tax return and you
• 22:03
  Speaker 2: actually get all of that money back because there was
• 22:05
  Speaker 2: no HEX to pay off. And if you paid off
• 22:08
  Speaker 2: your HEX, let's pretend like you didn't really notice and
• 22:11
  Speaker 2: your HEX was quote paid off in January and you
• 22:13
  Speaker 2: were still contributing funds tax time, the government's going to
• 22:17
  Speaker 2: be like, oh, she stopped like this, she didn't know
• 22:19
  Speaker 2: usay anything after January. So they give you the money
• 22:22
  Speaker 2: that you paid to them back. Yeah, then obviously you
• 22:26
  Speaker 2: were owed. So in that case you'd get a return
• 22:29
  Speaker 2: money win. Otherwise, you are required to make the same
• 22:33
  Speaker 2: compulsory payments. You can't like withhold it from your employer
• 22:36
  Speaker 2: and say, hey, employer, can you not pay that like
• 22:38
  Speaker 2: I want it to be there. You are required to
• 22:40
  Speaker 2: make the same compulsory payment as dictated by the threshold
• 22:43
  Speaker 2: in the twenty four to twenty twenty five financial year,
• 22:47
  Speaker 2: not your balance. Yeah, so TLDR actually doesn't matter. Ah,
• 22:53
  Speaker 2: the government's going to just calculate it based on what
• 22:55
  Speaker 2: was in your account on the first of June, and
• 22:57
  Speaker 2: then they get a paid back. If they paid you back,
• 23:00
  Speaker 2: but you'd already paid it off on like the fifth
• 23:02
  Speaker 2: of June, you're going to getting a sweet refund if
• 23:04
  Speaker 2: you hadn't. It's going to just be off the amount
• 23:07
  Speaker 2: that was sitting in your account on the first of June.
• 23:09
  Speaker 2: So you don't need to do anything. You're going to
• 23:10
  Speaker 2: still be benefited. But if you are confused, or if
• 23:15
  Speaker 2: you are like, oh, the you mentioned the car spor
• 23:17
  Speaker 2: if like there's some wiggle room, talk to your accountant
• 23:21
  Speaker 2: and maybe they can go, oh, well, actually you are
• 23:23
  Speaker 2: one of the lucky ones that can X y Z yeah.
• 23:25
  Speaker 2: But for normal people like Beck and I, it doesn't
• 23:28
  Speaker 2: make a damn different.
• 23:29
  Speaker 5: I see, if you're confused it you don't have an
• 23:30
  Speaker 5: accounting because I feel like I never had one.
• 23:32
  Speaker 2: But she's on the money community is right there.
• 23:35
  Speaker 5: That's true. But and also you can probably find information
• 23:38
  Speaker 5: on the ideo.
• 23:42
  Speaker 2: Call the Bloody ato it actually it's wild. But like
• 23:44
  Speaker 2: people think that's crazy, you can just call them up.
• 23:47
  Speaker 2: It's crazy.
• 23:47
  Speaker 5: It's crazy.
• 23:48
  Speaker 2: You just call them up and ask them tax questions.
• 23:51
  Speaker 2: What do you do on Sundays? On your board? This
• 23:53
  Speaker 2: not Sundays. It's actually nine to five Monday to Friday.
• 23:56
  Speaker 2: Actually I believe it's eight till five. You can call
• 23:58
  Speaker 2: them earlier, like the whole way I give. You're bored.
• 24:00
  Speaker 2: I really want to talk to the ade O. You can, yeah,
• 24:03
  Speaker 2: And I have done that a lot of times for
• 24:05
  Speaker 2: content because like the APO website can sometimes like I'm
• 24:08
  Speaker 2: not saying it's wrong, but like they might be a
• 24:10
  Speaker 2: little bit vague and like this is a very specific
• 24:13
  Speaker 2: question and when this will be calculated, and like there's
• 24:16
  Speaker 2: not a web page on how that's calculated, right, so
• 24:19
  Speaker 2: I have to call someone up there you go.
• 24:21
  Speaker 4: You don't threaten Victoria Divine with a good time.
• 24:25
  Speaker 2: Anyway. Anyway, I feel like that was really fun. But
• 24:28
  Speaker 2: what's more fun is gossip. And I feel like genuinely
• 24:32
  Speaker 2: sometimes in our dms, you'll send like a DM and
• 24:36
  Speaker 2: I'm like, that is juicy, and I can't wait to
• 24:38
  Speaker 2: tell all of my friends. And then I posted on
• 24:40
  Speaker 2: our Instagram story because you guys are all my friends,
• 24:42
  Speaker 2: and then you chime in with your opinions. It's just
• 24:45
  Speaker 2: so fun because to me The best type of gossip
• 24:47
  Speaker 2: is not about people we know. It's like, I want
• 24:49
  Speaker 2: to hear about what your hairdresser's son.
• 24:51
  Speaker 5: Did you know what I mean?
• 24:52
  Speaker 2: Like the secondhands, small town gossip.
• 24:55
  Speaker 4: Have you seen that? A deeply southern one? Oh? I
• 24:58
  Speaker 4: love her accent.
• 24:59
  Speaker 2: Yeah, I'm not only obsessed with that, but like obsessed
• 25:02
  Speaker 2: with her stories. Anyway. Would you like to hear the
• 25:05
  Speaker 2: DM we got this week?
• 25:06
  Speaker 4: Yes?
• 25:06
  Speaker 5: Please, yes, please?
• 25:08
  Speaker 2: This is going to piss you all off. Hey there,
• 25:11
  Speaker 2: I found one of my colleagues twenty twenty three pay
• 25:15
  Speaker 2: slips saved in our shared files. She obviously put it
• 25:18
  Speaker 2: there by accident.
• 25:19
  Speaker 3: I was shocked.
• 25:21
  Speaker 2: He was making twenty five percent more than me right
• 25:24
  Speaker 2: now but two years ago, so it was from twenty
• 25:27
  Speaker 2: twenty three. Oh since then, I know he's had another
• 25:31
  Speaker 2: pay rise because we've talked about it and we're in
• 25:34
  Speaker 2: the exact same role. But they're a male, they are
• 25:38
  Speaker 2: five years older than me. They do have an MBA.
• 25:41
  Speaker 2: I'm currently studying mine. I recently got a four and
• 25:45
  Speaker 2: a half percent rise, but it doesn't actually feel like
• 25:49
  Speaker 2: enough when I'm always taking on more responsibilities in the team.
• 25:54
  Speaker 2: I know experience matters, but how much of a gap
• 25:57
  Speaker 2: is actually fair? And how do I even bring this up?
• 26:00
  Speaker 2: Especially given how I found out, I'm feeling undervalued, unmotivated,
• 26:05
  Speaker 2: and honestly like I'm just being treated like cheap labor.
• 26:08
  Speaker 2: How would you guys approach this as well?
• 26:10
  Speaker 5: Pay secrecy is not a thing anymore, which I am
• 26:14
  Speaker 5: cheering about. It should never not.
• 26:16
  Speaker 2: But if it is in your contract right now, you
• 26:19
  Speaker 2: need to be very careful about what that looks like
• 26:22
  Speaker 2: because you have assigned contract with your employer, but it's
• 26:25
  Speaker 2: not allowed to be in future contracts and there's a
• 26:29
  Speaker 2: lot of round enforcement. But like, I don't want you
• 26:32
  Speaker 2: to be the first person to test that out and
• 26:34
  Speaker 2: have your employers see you. All right, So dumb the
• 26:37
  Speaker 2: whole pay secret, Yeah, I agree, dumb. It's such a
• 26:40
  Speaker 2: you will pay secrecy clause in if she's on the
• 26:43
  Speaker 2: money contract. It's just like, hey, we don't imagine you're like, hey,
• 26:46
  Speaker 2: V did you write this? Is so strange?
• 26:49
  Speaker 3: But I think like you don't have to say, well
• 26:50
  Speaker 3: you got that information. I feel like I would just
• 26:53
  Speaker 3: be like, I don't know, I've found out, but I
• 26:54
  Speaker 3: know that you get paid more I did. I know
• 26:56
  Speaker 3: it's really dumb, but I just would never tell anyone
• 26:58
  Speaker 3: how I found out. All would you just go to
• 26:59
  Speaker 3: your colleague? I feel like, yeah, good to my colleague.
• 27:01
  Speaker 2: I'm sorry you've got a shared drive with your colleague,
• 27:03
  Speaker 2: do you not.
• 27:04
  Speaker 3: It's very disheartening. It's so disheartening that this is still happening.
• 27:07
  Speaker 3: And it's like, what's more disheartening is that, like I
• 27:10
  Speaker 3: just fear people don't take.
• 27:11
  Speaker 5: It seriously enough.
• 27:12
  Speaker 3: And like if you were to go to your boss,
• 27:15
  Speaker 3: who may or may not be a male, and said,
• 27:18
  Speaker 3: do you know your concerns are that he's probably getting
• 27:20
  Speaker 3: paid more because, let's be honest, probably because he's a man,
• 27:23
  Speaker 3: It's like, no one's gonna take that seriously. Is so
• 27:25
  Speaker 3: it's so tiring, it's so exhausting, it's so disheartening, and
• 27:28
  Speaker 3: I'm just like almost as a part of me that's like, well,
• 27:30
  Speaker 3: it's always going to be this way.
• 27:31
  Speaker 5: It's so arbitrary. Men are not better than women. Women
• 27:34
  Speaker 5: are not better than men.
• 27:35
  Speaker 3: We're all intellectually exactly same, unless we like one studied more,
• 27:39
  Speaker 3: one more educated, Like, it's all about the person, it's
• 27:42
  Speaker 3: not about the gender.
• 27:43
  Speaker 5: It's just so why is it still a thing. I'm
• 27:46
  Speaker 5: so exhausted by it.
• 27:47
  Speaker 3: But anyway, I think that I've also really hated that
• 27:50
  Speaker 3: that whole, Like, you know, salaries based of experience, Like,
• 27:54
  Speaker 3: the role is the role.
• 27:55
  Speaker 5: You're still doing the same thing.
• 27:56
  Speaker 3: The role doesn't change based on Like maybe at the
• 27:59
  Speaker 3: start might be like, let's see how fast you get
• 28:02
  Speaker 3: kind of like into it, but once you're in it,
• 28:04
  Speaker 3: you're doing the same day to day. It's the same thing.
• 28:08
  Speaker 3: It doesn't matter how much experience you have, it doesn't
• 28:10
  Speaker 3: matter how much education you have. You're doing the same role.
• 28:13
  Speaker 3: Your past should not even be looked at. So maybe
• 28:17
  Speaker 3: it's because of experience, maybe it's because of the NBA,
• 28:20
  Speaker 3: but it doesn't make you more or less valuable if
• 28:22
  Speaker 3: you're doing the exact same role. And sounds like you're
• 28:25
  Speaker 3: taking on more responsibilities too, So I'm like, you should
• 28:28
  Speaker 3: be getting paid the same. Sorry, you should be getting
• 28:30
  Speaker 3: paid the same. Anyway, I don't know how to go
• 28:33
  Speaker 3: about it.
• 28:33
  Speaker 5: I think, talk to your assfit.
• 28:35
  Speaker 2: What are they going to do?
• 28:36
  Speaker 5: They probably might not take it seriously. I don't know.
• 28:38
  Speaker 5: It's so so silly.
• 28:40
  Speaker 2: Yes, you find out that the other partnership's manager in
• 28:43
  Speaker 2: our business that does not exist gets paid twenty five
• 28:46
  Speaker 2: percent more than you and they have been for the
• 28:48
  Speaker 2: last two years. What are you doing?
• 28:49
  Speaker 4: Oh, I would not be thrilled that much. I don't
• 28:53
  Speaker 4: think you even need to go to your colleague necessarily
• 28:55
  Speaker 4: because they do agree. It is a bit of an
• 28:57
  Speaker 4: awkward thing to bring up.
• 28:58
  Speaker 2: Oh I, Actually it's not their fault most that fall.
• 29:00
  Speaker 4: I accidentally saw your pay slip, And I will say
• 29:03
  Speaker 4: as much as yes, pay secrecy is in a thing,
• 29:05
  Speaker 4: like people still have a right to decide what information
• 29:08
  Speaker 4: they do and do not sh like I would hope,
• 29:10
  Speaker 4: like I would comfortably talk about my salary with anyone
• 29:12
  Speaker 4: on our team, but not everyone has that relationship with
• 29:15
  Speaker 4: their colleagues, and.
• 29:16
  Speaker 2: Like you're allowed to be private about that. So yes, Kase,
• 29:19
  Speaker 2: secrecy is now illegal to put into contracts. But like Jesse,
• 29:24
  Speaker 2: if I said how much do you earn it, you
• 29:25
  Speaker 2: didn't want to tell me? You don't owe me anything. Absolutely,
• 29:28
  Speaker 2: you have the right to talk about it if you
• 29:30
  Speaker 2: want to. No one's going to reprimand you for it.
• 29:31
  Speaker 2: But like, honestly, sometimes you don't want to tell your
• 29:34
  Speaker 2: colleague what your income is or how hard you've worked,
• 29:37
  Speaker 2: or it's just nobody's business. And like, I know that
• 29:41
  Speaker 2: you guys might be like, but they you talk about
• 29:42
  Speaker 2: talking about it all the time, and I do, and
• 29:45
  Speaker 2: I think that you should be sharing that if you're
• 29:47
  Speaker 2: comfortable to do so.
• 29:49
  Speaker 4: Yeah, I completely agree. So I think I would like
• 29:51
  Speaker 4: probably just bypass my colleague to be completely honest, and you're.
• 29:54
  Speaker 2: String to my boss right in the door.
• 29:56
  Speaker 4: Yeah, I'm not going to I'm kicking it down. I'm saying,
• 29:58
  Speaker 4: you me having a chat. And I agree with that,
• 30:01
  Speaker 4: Like I wouldn't. You don't need to tell them how
• 30:02
  Speaker 4: you know, you just know that's the important thing before
• 30:05
  Speaker 4: going in. I would be doing as I think we've
• 30:06
  Speaker 4: said this before, but like cross check your responsibilities against
• 30:09
  Speaker 4: their responsibilities. You know, you've said you're taking on a
• 30:12
  Speaker 4: lot of additional things. Perhaps that's happening for them as well.
• 30:15
  Speaker 4: Have as much information as you can going in.
• 30:16
  Speaker 2: And this is really scary.
• 30:18
  Speaker 4: Yeah, so have as much information going in and then say, hey,
• 30:22
  Speaker 4: can you please explain to me, Like I would kind
• 30:24
  Speaker 4: of put it on them and say, well, you've deemed
• 30:26
  Speaker 4: this person as you know, you're paying them this much more.
• 30:28
  Speaker 4: Can you explain to me what the reason for that is?
• 30:30
  Speaker 4: Because then it kind of puts the onus on them
• 30:32
  Speaker 4: to either say, oh, well, the NBA or they do
• 30:35
  Speaker 4: all this extra stuff or whatever, or did.
• 30:38
  Speaker 2: You realize X, Y and Z is part of their
• 30:40
  Speaker 2: responsibilities and you go, oh my god, I had no idea.
• 30:42
  Speaker 4: Like it kind of protects you a little bit, but
• 30:44
  Speaker 4: it also like theoretically, like if they can't justify it,
• 30:47
  Speaker 4: then they kind of look like an idiot and hopefully
• 30:49
  Speaker 4: that primes them to them go Okay, well, I think
• 30:52
  Speaker 4: the most reasonable thing to do is to match the salary.
• 30:54
  Speaker 2: Yep, agreed. I feel like I've had a lot of
• 30:58
  Speaker 2: people in our community in this situation, and research is
• 31:02
  Speaker 2: going to be your best friend. Like research the role,
• 31:05
  Speaker 2: work out what's going on. Honestly, I'm a bit cut
• 31:08
  Speaker 2: and dry with things like this, Like if I found
• 31:10
  Speaker 2: out that someone was genuinely or I felt like they
• 31:13
  Speaker 2: were taking advantage of me, even if they gave me
• 31:16
  Speaker 2: a salary increase because I asked, I don't know how
• 31:19
  Speaker 2: i'd feel about them moving forward. I feel like my
• 31:22
  Speaker 2: mum always used to say this to me growing up,
• 31:24
  Speaker 2: but I'm too black and white. She's like, you can't
• 31:26
  Speaker 2: live in the gray, Victoria. You need to learn that
• 31:28
  Speaker 2: sometimes there's this gray area and like I've just never
• 31:31
  Speaker 2: been able to do it. So I feel like once
• 31:33
  Speaker 2: I've written somebody off, sorry you're done. And so for
• 31:37
  Speaker 2: me personally, i'd be like, Okay, cool, you clearly undervalue me.
• 31:39
  Speaker 2: I'm going to find a new job. Yeah, I'm going
• 31:41
  Speaker 2: to work out what the hell's going on, because even
• 31:42
  Speaker 2: if you enjoy the job, clearly they don't value you
• 31:45
  Speaker 2: in the same way that they're valuing your colleague. If
• 31:47
  Speaker 2: you are correct, Yeah, but yeah, having a conversation about
• 31:51
  Speaker 2: what you want to be paid, I mean I'd probably
• 31:53
  Speaker 2: just walk in and be like, hey, so I was
• 31:54
  Speaker 2: thinking about this role, what it's valued at dumb my research,
• 31:56
  Speaker 2: and I actually think it's worth to pretend that your
• 31:59
  Speaker 2: colleague get paid a hundred I think it's worth one
• 32:01
  Speaker 2: hundred grand. And I'd be keeping up the sleep like
• 32:03
  Speaker 2: on my sleeve that I know that my colleague gets
• 32:05
  Speaker 2: paid that. And when they say, oh, we can't afford it,
• 32:07
  Speaker 2: we can't. You know that's not what's in budget for
• 32:09
  Speaker 2: that role, you'd be like, Brett gets paid that, So
• 32:12
  Speaker 2: I just thought it was fair to match it.
• 32:13
  Speaker 4: Are you guys get him with the hard stuff?
• 32:16
  Speaker 2: Like can you imagine how mortifying that would be if
• 32:19
  Speaker 2: they're like trying to back track and be like, oh
• 32:20
  Speaker 2: sorry Beck thought that and you go, yeah, all right,
• 32:22
  Speaker 2: well Jess has that, so like, what do you mean
• 32:25
  Speaker 2: you've got budget for them but not me after agreeing
• 32:28
  Speaker 2: that they're the same role. Yeah, yeah, yeah, I don't
• 32:30
  Speaker 2: know if that's the right thing to go and do,
• 32:33
  Speaker 2: like in terms of backing somebody into a corner, but
• 32:35
  Speaker 2: I'm very much to hold your cards close to your
• 32:37
  Speaker 2: chest if you have some information that don't give them
• 32:42
  Speaker 2: the information straight up. Don't be like oh well I know,
• 32:46
  Speaker 2: and they'll be like, okay, cool, well now I know.
• 32:47
  Speaker 2: I'm like what I'm working with. Yeah, sorry, I'm going
• 32:50
  Speaker 2: to lead you down the garden path. Yeah, and then
• 32:52
  Speaker 2: when you tell me no, I'm going to be like, sorry,
• 32:55
  Speaker 2: this actually was more for.
• 32:56
  Speaker 5: Me than for you.
• 32:58
  Speaker 2: And so yeah, I would, I would trying to have
• 33:00
  Speaker 2: that conversation. But yeah, I just think go find.
• 33:03
  Speaker 5: People that value you.
• 33:05
  Speaker 2: Likely even if you think you're happy now, I can
• 33:08
  Speaker 2: almost guarantee that you'd be happy or somewhere else. Yeah,
• 33:11
  Speaker 2: I don't really if you can't leave a different story anyway,
• 33:15
  Speaker 2: Name and shame, because we want companies.
• 33:16
  Speaker 5: We want employees to be scared to not pay.
• 33:20
  Speaker 4: Yeah.
• 33:20
  Speaker 2: Anyway, we asked the community. We said, if you found
• 33:23
  Speaker 2: out your colleague was earning twenty five percent more, but
• 33:25
  Speaker 2: you weren't meant to know, what would you do? Sixty
• 33:27
  Speaker 2: three percent of you said, obviously, I'd bring it up.
• 33:30
  Speaker 2: The pay gap is the issue. Nine percent of you
• 33:34
  Speaker 2: VDS and you said I'm starting job hunting, and eight
• 33:37
  Speaker 2: percent said I would say nothing. I wasn't meant to
• 33:40
  Speaker 2: say that. No boys in Queen, Yeah, seriously, sorry, do
• 33:43
  Speaker 2: you know what? I believe there is a reason for everything.
• 33:46
  Speaker 2: There is a reason you saw that.
• 33:48
  Speaker 5: Yeah, definitely.
• 33:49
  Speaker 4: Do you know what your.
• 33:50
  Speaker 2: Colleague might know? Maybe what if your colleague was like,
• 33:54
  Speaker 2: don't know how to bring this up? I feel really awkward.
• 33:56
  Speaker 2: I'm going to save my payslip there so that Jess
• 33:59
  Speaker 2: finds it. Maybe they're an ally exactly. Anyway, is twenty
• 34:04
  Speaker 2: five percent more pay there if someone has more experience?
• 34:09
  Speaker 2: Thirty three percent said yeah, experience matters. The other thirty
• 34:12
  Speaker 2: three percent said no, not if it's like exactly the
• 34:16
  Speaker 2: same work. Twenty four percent said I think it's the NBA,
• 34:19
  Speaker 2: and ten percent said feels like a gender thing TDH.
• 34:23
  Speaker 2: I think it's a conversation. Yeah, yeah, yeah, I think
• 34:26
  Speaker 2: it's a massive conversation. We then went to the community
• 34:29
  Speaker 2: and said, guys, what is your two cents? And lord,
• 34:31
  Speaker 2: you had at least four. First person said, arm yourself
• 34:35
  Speaker 2: with market data and state your case to your manager. Okay,
• 34:38
  Speaker 2: just great, cheek it out of our dms. Next person said,
• 34:42
  Speaker 2: experience and qualifications matter, but twenty five percent difference in
• 34:46
  Speaker 2: the same role does seem like a stretch.
• 34:48
  Speaker 4: Yeah.
• 34:49
  Speaker 2: Someone else said, how would they feel if someone with
• 34:51
  Speaker 2: less experience and qualification was getting the same pay as them?
• 34:54
  Speaker 2: I don't care.
• 34:56
  Speaker 4: Yeah, it's a good point to look at it from
• 34:58
  Speaker 4: the other side. But our person said that they the same.
• 35:01
  Speaker 2: So it's I don't know if this is divisive to say,
• 35:04
  Speaker 2: but as an employer, I'm going to use just as
• 35:07
  Speaker 2: an example. You've worked for me for what five years,
• 35:09
  Speaker 2: nearly six terrifying. I've loved all of them in that
• 35:13
  Speaker 2: period of time. Yes, Jess doesn't have a degree. Yes,
• 35:16
  Speaker 2: there's been a lot of development in the role, more responsibilities.
• 35:21
  Speaker 2: Obviously she's also had pay rises, but in that time
• 35:24
  Speaker 2: she has gained a deep understanding. If she's on the money,
• 35:28
  Speaker 2: a deep understanding of being able to talk on my behalf,
• 35:31
  Speaker 2: trust responsibility. That's not just like, oh, someone comes in,
• 35:35
  Speaker 2: so let's say she's on the money somehow doubles overnight.
• 35:38
  Speaker 2: We need two partnerships managers. I can guarantee you right
• 35:42
  Speaker 2: now that the salary I would offer to market, and
• 35:45
  Speaker 2: I'm happy to be quoted on this would not be
• 35:46
  Speaker 2: just as salary. I see that makes sense because to
• 35:49
  Speaker 2: me right now, it's not about degrees, it's not about qualifications. Yes,
• 35:53
  Speaker 2: I'd be looking for that, and yes, the role would
• 35:54
  Speaker 2: be marketed as such like I'm not going to try
• 35:57
  Speaker 2: and underpay someone. That's not the case. Don't think anyone
• 36:00
  Speaker 2: that works for me would agree that that ever happens,
• 36:04
  Speaker 2: it would be market fair going rate. I'm not going
• 36:07
  Speaker 2: to pay them what Jess gets because Jess has that
• 36:09
  Speaker 2: five years of experience of deeply understand Like if Jess
• 36:12
  Speaker 2: answered my phone to a client, I would trust her
• 36:15
  Speaker 2: that she knows she could give my advice. She knows,
• 36:19
  Speaker 2: and I don't think that if someone came in with
• 36:22
  Speaker 2: like a full degree or whatever you need for that
• 36:24
  Speaker 2: role and they found out what Jess aren't, because Jess
• 36:27
  Speaker 2: gonna tell them. I don't care. I would very happily
• 36:30
  Speaker 2: have that conversation that no, they weren't being matched and
• 36:33
  Speaker 2: there's a reason for that. Yeah, it's a good reason,
• 36:35
  Speaker 2: and it's exactly and I think there's a good reason
• 36:38
  Speaker 2: for that, and maybe you could think about that. I'm
• 36:40
  Speaker 2: not saying that that's the case, but like, yes, they
• 36:42
  Speaker 2: might have the same amount of experience as you, but
• 36:44
  Speaker 2: are you saying you have ten years experience in the
• 36:46
  Speaker 2: industry and they've got ten years working for that particular company.
• 36:49
  Speaker 2: I see this, and I'm not saying that every company
• 36:51
  Speaker 2: is the same, because some roles are so like clinical
• 36:54
  Speaker 2: where you just do the job and it actually doesn't
• 36:56
  Speaker 2: matter how deeply you know the organization because there's actually
• 36:59
  Speaker 2: ten million employees. But for me, that's a very different situation,
• 37:04
  Speaker 2: and I think putting that on the table is like,
• 37:05
  Speaker 2: I don't know, maybe a thought through caring for sure. Anyway,
• 37:09
  Speaker 2: I'll do two more. Next person said, talk with her
• 37:12
  Speaker 2: union reps because it's possibly actually widespread, might not just
• 37:16
  Speaker 2: be you. And then the last one I'm going to
• 37:19
  Speaker 2: share is I think they changed laws so that companies
• 37:22
  Speaker 2: can't hide large pay gaps like this, and I think
• 37:25
  Speaker 2: that that's where you should be looking like, that's very true. Understanding.
• 37:29
  Speaker 2: Do they have like a pay secrecy thing in your contracts?
• 37:32
  Speaker 2: Where does that conversation come in? Have you asked your
• 37:35
  Speaker 2: managers about like, oh, what's this role value dat?
• 37:37
  Speaker 1: What?
• 37:37
  Speaker 2: Yeah? I think there's just lots of conversation to be happening.
• 37:40
  Speaker 2: But what I'm learning is one communication and two do
• 37:43
  Speaker 2: your researching. Go in there prepared. Absolutely, we're not brushing
• 37:47
  Speaker 2: it under the rug. No, what a good little chat, guys.
• 37:52
  Speaker 2: I've loved this, but unfortunately that is all we have
• 37:55
  Speaker 2: time for today. So you know what, We'll see you
• 37:57
  Speaker 2: right nearly on Monday morning for our money. Have a
• 38:00
  Speaker 2: beautiful weekend, guys, Hi, guys. Bye.
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