of your salary entitlements w hat is salary of your salary - PDF document

of your salary entitlements

w hat is salary of your salary entitlements packaging? • Rather than paying for some of your expenses in your ‘after-tax’ income, you choose to pay for some of your expenses in your ‘pre-tax income’ . • Tax is then payable on the amount left after these expenses are paid.

w hy package of your salary entitlements your salary? • You can reduce your taxable income . • You can potentially pay less tax . • The result – more money for you.

w hat expenses can of your salary entitlements be packaged? • Your new car • Your current car(s) • Car parking • Airport Lounge Memberships

how much extra of your salary entitlements w ill salary packaging deliver? Additional after tax Value/Consumption (example only) Item Being Packaged take home pay p.a.* $35,000 (value) Employee Contribution Method $3384 Vehicle/s On-site Child Care $4000 (value) $1510 Total $4894 *Varies significantly dependant on employee salary and value of items being packaged. Based on income of $80,000 p.a. Typically , the greater the salary, the greater the increase in take home pay. Typically, Remunerator Salary Packages save clients between $3,000-$15,000 p.a..

w hat does an of your salary entitlements extra $4,894 take home mean for employees earning $50,000 p.a. • Nearly equivalent to a 20% pay increase • A family holiday • Fast-track the mortgage • Renovate the home • Better vehicle/s • More nights out • Better wardrobe • More superannuation • Private school fees for the kids The additional take home pay is significant!

sound to good of your salary entitlements to be true? • Salary Packaging certainly does sound too good to be true, but it is a legitimate form of tax effective remuneration that is provided by 73% of Australian organisations to their employees.

of your salary entitlements is it legal? • Salary packaging is a legal practice and is endorsed by the tax department ; the Federal Government offers salary packaging to their employees.

of your salary entitlements how does it w ork? • We’ll briefly highlight 2 case studies of a ‘typical client’, and show how our ‘typical client’ takes home an additional $4,894 p.a. by salary packaging with Remunerator.

taking full of your salary entitlements advantage of the 2 major expenses you can package Vehicle/s – contribution method • • On-site Child Care

Your next car!! of your salary entitlements WITHOUT Salary WITH Salary Packaging Packaging You earn (gross) $80,000 $80,000 $ Total cost of Motor Vehicle package $ 7,012 Total taxable income $80,000 $72,988 Income tax payable $21,049 $18,341 You take home $58,951 $54,647 Employee Contribution $ 6,620 Lease / Running Costs $14,308 Cash remaining $44,643 $48,027 *Employee Contribution Method This employee takes home an additional $3,384 each year. NO FBT is payable in this case study.

how do I take of your salary entitlements advantage of vehicle packaging via Remunerator? • EASY… we can assist by: • Car purchasing service, including sourcing (new or second hand) • Insurance review, competitive quote • Fuel and maintenance (via motorcharge)

lap top of your salary entitlements WITHOUT Salary WITH Salary Packaging Packaging You earn (gross) $70,000 $70,000 Then you package: On-site Child Care $ 4,000 Refund of GST $ 364 Total taxable income $70,000 $66,364 Income tax payable $17,400 $16,254 You take home $52,600 $50,110 On-site Child Care $ 4,000 Cash remaining $48,600 $50,110 This employee takes home an additional $1,510 each year.

how much extra of your salary entitlements w ill salary packaging deliver? Additional after tax Value/Consumption (example only) Item Being Packaged take home pay p.a.* $35,000 (value) Employee Contribution Method $3384 Vehicle/s On-site Child Care $4000 (value) $1510 Total $4894 *Varies significantly dependant on employee salary and value of items being packaged. Based on income of $80,000 p.a. Typically , the greater the salary, the greater the increase in take home pay. Typically, Remunerator Salary Packages save clients between $3,000-$15,000 p.a..

how you can of your salary entitlements take full advantage w ith Renumerator • We help you maximise your salary entitlement • We are able to pay your expenses • We deliver you more money each fortnight • One on one personal assistance • Access to the right information and support

of your salary entitlements w here to from here? • Buy New or Used car (Novated Lease) - 1800 501 703 • Package your existing Car - 1800 220 028 • Financial Advice and other enquiries - 1300 654 834 • Website - www.remunerator.com.au

of your salary entitlements