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of your salary entitlements
of your salary entitlementswhat 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.
of your salary entitlementswhy package your salary?
• You can reduce your taxable income.
• You can potentially pay less tax.
• The result – more money for you.
of your salary entitlementshow much extra will salary packaging deliver?
• On a salary of $30,000 p.a. our clients achieve an average saving equivalent to an 16.2% pay rise based upon this salary level.
of your salary entitlementssound 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?• Salary packaging is a legal practice and is endorsed
by the tax department; the Federal Government offers salary packaging to their employees.
ATO APPROVED
of your salary entitlementshow much will be saved by packaging $16,050?
Annual Savings SavingsSalary Per YEAR Per FORTNIGHT
$20,000 $2,236 $ 86
$25,000 $2,402 $ 92
$30,000 $2,402 $ 92
$35,000 $3,302 $127
$40,000 -$50,000 $4,940 $190
$60,000 – $70,000 $4,940 $190
Examples include Remunerator fees
of your salary entitlementswhat 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• General Expenses
$16,050 limit applies to the above itemsMaximum $617 per fortnight
of your salary entitlementssample income with no salary packaging
You earn (gross) $30,000
Total taxable income $ 30,000
Income tax payable $ 3,960
You take home $ 26,040
Then you pay for:
Mortgage/Rent/Utilities/Expenses/Personal Loan etc. $ 16,050
Cash remaining $ 9,990
of your salary entitlementssample income with salary packaging
You earn (gross) $30,000
Then you package:
Mortgage/Rent/Utilities/Expenses/Personal Loan etc. $ 16,050
Administration Fees $ 303
Total taxable income $ 13,647
Income tax payable $ 1,255
You take home $ 12,392
Cash remaining $12,392
of your salary entitlementssample income with salary packaging
• On an income of $30,000 p.a., you would be in front by $2,402 each year with salary packaging!
• That’s $92 extra cash every fortnight!
of your salary entitlementswhat else can be packaged?
• Meal Entertainment
• Laptop Computer and/or PDA
These items can be packaged in addition to the $16,050
See us to find out more
of your salary entitlements
of your salary entitlementshow 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
of your salary entitlements
where to from here?• Visit our website at www.remunerator.com.au Go to Client area login: Username: benevolent password: packaging
• Contact a Remunerator Customer Service Officeremail: [email protected]: 1300 654 834
• Complete your online application and submit substantiation documents required promptly
• To assist us in ensuring you maximize your entitlement it is important that you supply:• Pay slip• Proof of major expenses, such as rental or loan agreement
of your salary entitlements