What we do for employees:
- Provide general salary packaging advice
Calculate budgeted increases in Family Tax Benefit, Rental Assistance, Child Care Benefit and government rebates etc, due to package item sacrifices.
An employee of a corporate earning $97,000 pa was advised that a $122,653 on-road cost car could be salary packaged through the employer’s novated lease outsourcer with a $3,562 per annum after tax gain via the novated lease arrangement.
Salary Packaging Gurus showed that the ‘real world’ position was that a novated lease was actually $5,690 pa more expensive than a consumer car loan and not salary packaging the luxury car.
An $80k pa PBI employee paying HELP debt and with a Child Support liability was advised by the package outsourcer to salary sacrifice $15,900 pa mortgage repayments.
Salary Packaging Gurus pointed out that the increases in the HELP and Child Support liabilities, due to the $31,177 (from 01.04.2016 Reportable Fringe Benefit, virtually wiped out the total purported gains claimed by the salary package outsourcer. Salary Packaging Gurus redesigned the package structure to minimise these issues.
We show you how to salary sacrifice and the best way of packaging your salary and usually without FBT