Salary Packaging Examples - Annual Gross salary of $100,000
These examples show how salary packaging arrangements can work. It is only intended to be a guide and you should not act solely on the basis of this information. Please contact Return Salary Packaging or your financial advisor for further advice.
Return is a CPA business
The following assumptions are made about the employee in these examples:
- the 2006/2007 tax rates have been used to calculate income tax
- the tax free threshold has been claimed from the employer
- they are an Australian resident
- no tax offsets or special rebates have been claimed
- full medicare levy is payable
- there is no entitlement to leave loading
- there is no HECS debt or Accumulated financial Supplement debt
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Gross Annual Salary |
$100,000 |
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Superannuation |
$9,000 |
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Total Renumeration Package |
$109,000 |
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Laptop Purchase Comparison |
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$2,000 (incl GST) |
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No Salary Sacrifice |
Salary Sacrifice |
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Salary |
100,000 |
100,000 |
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less laptop (GST exclusive) |
- |
1,818 |
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less admin fee (GST exclusive) |
- |
100 |
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less FBT |
- |
- |
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New Salary |
100,000 |
98,082 |
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less income tax |
29,376 |
28,596 |
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Net Salary |
70,624 |
69,486 |
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less after tax cost of laptop |
2,000 |
- |
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Net Position |
68,624 |
69,486 |
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Gain from Packaging |
862 |
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Additional Superannuation Comparison |
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$200 additional super per month |
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No Salary Sacrifice |
Salary Sacrifice |
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Salary |
100,000 |
100,000 |
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less additional super |
- |
2,400 |
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less admin fee |
- |
100 |
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less FBT |
- |
- |
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New Salary |
100,000 |
97,500 |
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less income tax |
29,376 |
28,344 |
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Net Salary |
70,624 |
69,156 |
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less after tax additional super |
2,400 |
- |
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Net Position |
68,224 |
69,156 |
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Gain from Packaging |
932 |
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Novated Motor Vehicle Comparison |
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MV value $55,000, km's per yr 18,000 |
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Includes Employee Contributions |
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No Salary Sacrifice |
Salary Sacrifice |
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Salary |
100,000 |
100,000 |
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less motor vehicle costs (excl GST) |
- |
5,075 |
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less admin fee (excl GST) |
- |
318 |
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less FBT |
- |
- |
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New Salary |
100,000 |
94,607 |
|
less income tax |
29,376 |
27,144 |
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Net Salary |
70,624 |
67,463 |
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less after tax motor vehicle costs (incl GST) |
16,559 |
11,000 |
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Net Position |
54,065 |
56,463 |
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Gain from Packaging |
2,398 |
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Novated Motor Vehicle Comparison |
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MV value $55,000, km's per yr 25,000 |
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Includes Employee Contributions |
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No Salary Sacrifice |
Salary Sacrifice |
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Salary |
100,000 |
100,000 |
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less motor vehicle costs (excl GST) |
- |
10,319 |
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less admin fee (excl GST) |
- |
318 |
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less FBT |
- |
- |
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New Salary |
100,000 |
89,363 |
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less income tax |
29,376 |
24,960 |
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Net Salary |
70,624 |
64,403 |
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less after tax motor vehicle costs (incl GST) |
17,378 |
6,050 |
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Net Position |
53,246 |
58,353 |
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Gain from Packaging |
5,107 |
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Liability limited by a scheme approved under Professional Standards Legislation
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