Money tips

All you need to know about entering the workforce

Getting your first job is a big step and a great opportunity to start building your financial future. Here’s a practical guide to help you understand your rights, your money, and how to confidently advocate for yourself.

Your workplace rights

As an employee, you're protected by the Fair Work Act and National Employment Standards. Key rights include:

• Minimum pay – You must be paid at least the minimum wage or the rate set in your award or employment agreement.

• Payslips – You should receive one within 1 working day of being paid.

• Superannuation – Your employer must pay super (currently 12% of ordinary earnings) into your nominated fund.

• Safe workplace – You have the right to work in a safe environment free from bullying or discrimination.

• Leave entitlements – Depending on your employment type (full-time/part-time), you may have access to annual leave, sick leave, and other leave. Casual employees should receive a loading of 25% in lieu of their leave entitlements.

Tip: If unsure, check your award or agreement at the Fair Work Ombudsman website.

Tax basics

• You’ll need a Tax File Number (TFN) to work legally.

• How much tax you pay will depend on how much you earn.  

• At the end of the financial year (after June 30), you may need to lodge a tax return. You may qualify for free assistance from a national Tax Clinic program (Check out the ATO’s list of Tax Clinics to get in contact with your nearest clinic).

What’s on your payslip

• Gross pay – what you earned before tax

• Net pay – what you take home

• Tax withheld

• Super contributions

• Hours worked, pay rate, and any penalties or overtime

Tip: Understanding payslips can be tricky, and it’s important to always check them (mistakes do happen). Talk to a trusted friend, your manager, or the payroll department for help.  

Superannuation – your future money

Super is money set aside for your retirement.

• Your employer pays it into your chosen fund.

• Even small amounts early can grow significantly over time due to compounding.

• Employers have to put a minimum of 12% of your pay into your super fund.

Tip: Always check that you’re getting paid the right amount of super.

Getting started with saving

Building good habits early makes a huge difference.

• Set a goal – short-term (e.g. car, travel) or long-term (e.g. house deposit)

• Use separate accounts – spending vs saving

• Follow a simple rule – e.g. 60/20/20 method (60% goes to everyday necessities, 20% into savings, and 20% on things that make you smile).

• Track your money – there are tools to help you manage your money, like Moneysmart’s simple money manager.  

Standing up for yourself at work

Confidence is a skill—and it builds over time.

• Know your rights – it’s easier to speak up when you know what’s fair

• Keep records – hours worked, rosters, messages

• Ask questions – about pay, leave, or expectations

• Speak up respectfully – if something seems wrong, raise it early

• Get support – a manager, HR, union, or Fair Work can help if needed

Remember: advocating for yourself is part of being a professional, not being difficult.

Your first job isn’t just about earning money - it’s about building lifelong skills and financial wellbeing in the future.  

If you’re stressed about money and you’d like help managing your finances, free financial support is available. Contact Moneycare to talk to a professional financial counsellor: Call 1800 722 363 or start a live chat online.