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of your salary entitlements

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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of your salary entitlements

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  1. of your salary entitlements

  2. 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.

  3. why package your salary? • You can reduce your taxable income. • You can potentially pay less tax. • The result – more money for you.

  4. 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.

  5. 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.

  6. 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.

  7. 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

  8. 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

  9. 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

  10. 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

  11. 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!

  12. 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

  13. 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

  14. 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

  15. of your salary entitlements

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