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of your salary entitlements. what is salary 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.

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Presentation Transcript
what is salary packaging
what is salary 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.
why package your salary
why package your salary?
  • You can reduce your taxable income.
  • You can potentially pay less tax.
  • The result – more money for you.
how much extra will salary packaging deliver
how much extra will salary packaging deliver?
  • On a salary of $35,000 p.a. our clients achieve an average saving equivalent to an 8% pay rise based upon this salary level.
sound to good to be true
sound to good 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.
is it legal
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.
how much will be saved by packaging 9 095
how much will be saved by packaging $9,095?

Annual Savings Savings

Salary Per YEAR Per FORTNIGHT

$20,000 $1,265 $ 48

$25,000 $1,265 $ 48

$30,000 $2,016 $ 77

$35,000 - $70,000 $2,672 $102

Examples include Remunerator fees

what expenses can be packaged
what expenses can be packaged?
  • Home Mortgage
  • Rent
  • Health Insurance
  • Utility Expenses
  • School Fees / HECS
  • Child, Aged & Disability Care
  • General Insurance
  • Credit Card Repayments
  • Personal Loan
  • Private Travel

$9,095 limit applies to the above items

Maximum $350 per fortnight

sample income with no salary packaging
Total taxable income $ 35,000

Income tax payable $ 6,375

You take home $ 28,625

Then you pay for:

Mortgage/Rent/Utilities/Expenses/Personal Loan etc. $ 9,095

Cash remaining $19,530

sample income with no salary packaging

You earn (gross) $35,000

sample income with salary packaging
Then you package:

Mortgage/Rent/Utilities/Expenses/Personal Loan etc. $ 9,095

Administration Fees $ 282

Total taxable income $ 25,623

Income tax payable $ 3,421

You take home $ 22,202

Cash remaining $22,202

sample income with salary packaging

You earn (gross) $35,000

sample income with salary packaging1
sample income with salary packaging
  • On an income of $35,000 p.a., you would be in front by $2,672 each year with salary packaging!
  • That’s $102 extra cash every fortnight!
what else can be packaged
what else can be packaged?
  • Lap tops
  • PDA’s

These items can be packaged in addition to the $9,095

See us to find out more

how you can take full advantage with remunerator
how you can take full advantage with Remunerator
  • We help you maximize your salary entitlement
  • We can pay your expenses directly
  • We deliver you more money each fortnight
  • One on one personal assistance
  • Access to the right information and support
where to from here
where to from here?
  • Complete the form provided for a no obligation meeting with your Remunerator Representative.
  • Go home and tell your family you just got the equivalent of an 8% pay rise*. (*Based on $35,000 p.a. salary)
  • We will contact you in the next 3 working days to confirm an appointment at your work site. To assist us in ensuring you maximize your entitlement it is important that you bring:
    • Pay slip
    • Proof of major expenses, such as rental or loan agreement
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