Tax cuts, minimum wage, parental leave, and superannuation are all getting a shake-up from today as the new financial year begins.

From revamped thresholds for high earners to major changes to superannuation, here are the critical adjustments set to reshape your personal finances from July 1.

From revamped thresholds for high earners to major changes to superannuation, here are the critical adjustments set to reshape your personal finances from July 1.