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

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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

Gross Annual Salary

$100,000

 

Superannuation

$9,000

 

Total Renumeration Package

$109,000

 

 

 

 

Laptop Purchase Comparison

 

 

$2,000 (incl GST)

 

 

 

No Salary Sacrifice

Salary Sacrifice

Salary

          100,000

       100,000

less laptop (GST exclusive)

              - 

         1,818

less admin fee (GST exclusive)

              - 

          100

less FBT

              - 

           - 

New Salary

          100,000

        98,082

less income tax

          29,376

        28,596

Net Salary

          70,624

        69,486

less after tax cost of laptop

           2,000

           - 

Net Position

          68,624

        69,486

 

 

 

Gain from Packaging

             862

 

 

 

 

Additional Superannuation Comparison

 

 

$200 additional super per month

 

 

 

 

 

 

No Salary Sacrifice

Salary Sacrifice

Salary

          100,000

       100,000

less additional super

              - 

         2,400

less admin fee

              - 

          100

less FBT

              - 

           - 

New Salary

          100,000

        97,500

less income tax

          29,376

        28,344

Net Salary

          70,624

        69,156

less after tax additional super

           2,400

           - 

Net Position

          68,224

        69,156

 

 

 

Gain from Packaging

             932

 

 

 

 

Novated Motor Vehicle Comparison

 

 

MV value $55,000, km's per yr 18,000

 

 

Includes Employee Contributions

 

 

 

No Salary Sacrifice

Salary Sacrifice

Salary

          100,000

       100,000

less motor vehicle costs (excl GST)

              - 

         5,075

less admin fee (excl GST)

              - 

          318

less FBT

              - 

           - 

New Salary

          100,000

        94,607

less income tax

          29,376

        27,144

Net Salary

          70,624

        67,463

less after tax motor vehicle costs (incl GST)

          16,559

        11,000

Net Position

          54,065

        56,463

 

 

 

Gain from Packaging

           2,398

 

 

 

 

Novated Motor Vehicle Comparison

 

 

MV value $55,000, km's per yr 25,000

 

 

Includes Employee Contributions

 

 

 

No Salary Sacrifice

Salary Sacrifice

Salary

          100,000

       100,000

less motor vehicle costs (excl GST)

              - 

        10,319

less admin fee (excl GST)

              - 

          318

less FBT

              - 

           - 

New Salary

          100,000

        89,363

less income tax

          29,376

        24,960

Net Salary

          70,624

        64,403

less after tax motor vehicle costs (incl GST)

          17,378

         6,050

Net Position

          53,246

        58,353

 

 

 

Gain from Packaging

           5,107

 

Liability limited by a scheme approved under Professional Standards Legislation

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