Money news: Medibank’s tax delay, job switch trends and a $4 smartphone

In this money news that affects your hip pocket, millions of Medibank customers face tax delays, and that $4 smartphone set to shake up the industry.

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Money news that affects your hip pocket this Thursday.

Customers of Medibank will have to delay lodging their end-of-financial-year tax returns after a bungle sending out statements by the private health insurer.

In a statement on Thursday, Medibank chief executive Craig Drummond said the delay was the result of customer data migration and acknowledged it was “unacceptable”.

See more: money news on Medibank 

More people are ditching working for big corporations in favour of smaller companies, a new report on Talent Migration Trends in Australia and New Zealand by LinkedIn has found.

The report published by Fairfax Media shows the percentage of job switchers has grown from 36 per cent in 2012 to 41 per cent in 2015.

See more: money news on job trends

In the next few weeks the world’s smallest smart phone will hit the market and it’s touted to cost less than $4 according to Bloomberg.

An Indian company called Ringing Bells Pvt is set to start shipping the Freedom 251, which has a quad-core processor, a 4-inch screen and front and back cameras.

If it actually sells for that $4 or less than the $100 figure of many other cheaper mobile phones, it’s sure to stir things up for global brands like Samsung and Apple.

See more: money news on the cheap mobile phone

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