Salary Packaging Gurus -   Experts in salary package consultancy & FBT compliance
Employees
 
Salary packaging, Novated Lease, Associate Lease, salary sacrifice, salary package adviceWhat we do for employees:
 
  • Provide general salary packaging advice 
 
 
  • Provide advice so the detrimental effects of current reportable super, Fringe Benefits and negative gearing can be minimised with revised salary packaging strategies, where applicable.
 
  • Show how an existing (say) 12 year old car, owned or not, could create a significant increase in disposable income. I.e. Staff do not have to buy a replacement car to participate.
 
 
  • Calculate budgeted reductions in HELP and Child Support liabilities, due to package item sacrifices.
 
  • Calculate budgeted increases in Family Tax Benefit, Rental Assistance, Child Care Benefit and government rebates etc, due to package item sacrifices. 
 
  • Provide advice that helps employees make informed decisions as to whether they should package an item or not.
 
  • Structure car finance contracts to maximise the package gain, by minimising the overall after tax cost.
 
  • Offer FBT advice
 
  • Only charge an hourly rate for the consultancy which itself can be salary sacrificed without FBT, or paid for by the employer.
 
  • Ensure the employee’s salary package education covers the basics, plus a full explanation of each benefit item chosen.
 
  • Employee advice given is targeted and specific, and is in no way generic. The employee must have a good understanding of the pros and cons of any package item before proceeding with salary packaging.
 
Example
 
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.
 
Example
 
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.
 
Contact Salary Packaging Gurus today to get the right salary packaging advice along with Fringe Benefits Tax advice and you could save $1,000's.
 
We show you how to salary sacrifice and the best way of packaging your salary and usually without FBT