Use our online salary packaging calculators to instantly see how much you could potentially save through these tax saving salary packaging benefits. Employees in Public health receive great salary packaging benefits which include the ability to reduce their taxable income by $9,010 per FBT year by spending it on general benefits. Here are the numbers: Fortnightly: External mail HealthShare NSW Employee Benefits Team PO Box 292 Westmead NSW 2145. Public Hospital and NSW Health Salary Packaging Calculator. Salary Packaging Scheme What is salary packaging? So on pay day you pay less income tax and have more money for the things that matter. Please refer to the legal and information policy tab below for details about these authorisations, and the services RemServ provides. Rebatable FBT employees may be entitled to salary package FBT Free and other Concessionally Taxed benefits above the $30,000 grossed up taxable value limit. Email: salary.packaging@health.nsw.gov.au. All calculations use PAYG tax rates effective 1 July 2020. To discuss your salary packaging Savings and Apply, please Contact Remunerator on 1300 654 834. solutions. Equivalent salary calculations are indicative only and do not take into consideration your personal circumstances. See how affordable it is . deduct your HECS/HELP debt repayment shown above, which we’ve based on the information you gave us. In most cases, your salary will be provided by your employer on an annual basis. Ready for a new car? Salary Packaging SummaryThis Policy Directive outlines the Salary Packaging Scheme for staff employed in the NSW Health Service. Maxxia will handle your information in accordance with its Privacy Policy. By completing this form, I agree to Maxxia contacting me about its products, services and offerings. Based on the information supplied so far, we estimate: {{model.payCycle}} increase to Where the payments are subject to GST this amount will be reduced to $14,525 and the gross up rate of 2.0802 should be used to determine the grossed up taxable value of the benefits provided. Maxxia Pty Ltd does not provide you with any form of financial, taxation or financial product advice on the relative merits of salary packaging or novated leasing or on any other basis. This calculator will help you work out the Fringe benefits tax (FBT) for public benevolent institutions (PBIs), health promotion charities (HPCs), rebatable employers, public and not-for-profit hospitals and public ambulance services. Further to this, employees are also able to package Meal & Entertainment … The items you could package are determined by your employers salary packaging policy, and the industry sector you work in. Salary packaging is an Australian Tax Office approved way of restructuring your income. As a NSW Health employee, the arrangements for your salary packaging are based on a 50% share of savings arrangement. Salary packaging. Sacrificing part of your salary can reduce your tax. The experts at Salary Packaging Australia are all about helping you save hundreds and thousands of dollars of your hard-earned money by offering other non-cash benefits over your pre-tax salary. Enter Annual Gross Base Salary here: Non-Exempt Approved Benefits (Limited to $9,009) Meal Entertainment and Exempt Benefits. If you choose to go ahead and salary package, you’ll need to ask your payroll department to Salary package and save every day with Advantage Salary packaging is the easy way to boost your income. Answer these questions to help find the package that suits you. How to calculate Australian goods and services tax. Maxxia strongly recommends all users seek their own personal taxation advice from a licensed tax adviser before making any financial decisions. Remuneration Services (Qld) Pty Ltd | ABN 46 093 173 089 (RemServ) RemServ acts as an authorised representative of AFSL holders. Packaging. Please include your complete NSW Health EML Card Application Form You must also attach a recent payslip with your application. Salary packaging is a simple way for eligible NSW Health employees to increase their take home pay by reducing their taxable income and therefore the amount of tax they pay. The calculations are based on personal income tax rates and thresholds for the 2019/2020 financial year and assumed salary packaging administration fees. Maxxia strongly recommends all users seek their own personal taxation advice from a licensed tax adviser before making any financial decisions. Smartsalary. 4 min read Simple steps to lodge your 2020 tax return online. Public benevolent institutions and charities have a capping threshold (being a grossed up taxable value of $30,000) placed on the amount of fringe benefits they may provide to employees each FBT year without FBT applying. Novated. How does salary packaging work? Novated leasing allows you to own your choice of vehicle, with a suite of extras, for a heavily discounted price. packaging calculator. You may not be eligible to package all items included in the calculator. Salary Packaging Calculator Calculate your savings today Simply use our salary packaging calculator, select which benefits you wish to package and the calculator will give you both WITH and WITHOUT salary packaging calculations, so you can easily see how much you will be saving! Elizabeth Street SalaryPackagingPLUS recommends that you seek independent financial and/or taxation advice before entering into any salary packaging arrangements. Salary. 1 min read. With capped benefits there’s a limit to how much you can salary package each Fringe Benefits Tax year (1 April – 31 March).. View the comparison below for more information. Mortgage and rent 1 min read. See how salary packaging with Maxxia can benefit and reduce the amount of tax you pay - An indicative average salary packaging administration fee of $220.00 has been included. Employer. As an employee of NSW Government, you’re entitled to great salary packaging and Novated Leasing benefits with Easi. Capped benefits. Salary packaging is a great way of restructuring your salary by using pre-tax income to buy a range of everyday items. Level 21/360 Salary packaging is a tax effective means of using part of an employee’s salary to pay for non-cash benefits. The vast majority of our employees are eligible to salary package the $9,010 tax free cap each Fringe Benefits Tax year (1 April to 31 March). Contact. Salary packaging is a government incentive that allows you to use money that previously would have been paid as tax to pay for the items which you have chosen to salary package. Public and private not-for-profit hospitals have a capping threshold (being a grossed up taxable value of $17,000) placed on the amount of fringe benefits they may provide to employees each FBT year without FBT applying. and take-home pay with salary packaging. Our Customer Service Centre is open Monday to Friday 8:30am to 7pm (AEST) (8pm during daylight saving AEDT Please adjust and try again. This includes Higher Education Loan Program (HELP), Vet Student Loan (VSL), Student Financial Supplement Scheme (SFSS), Student Start-up Loan (SSL), ABSTUDY Student Start-up Loan (ABSTUDY SSL) and Trade Support Loans (TSL). Everyday living expenses - up to $9,010. Do you want to find out how much you can increase your take-home pay by salary packaging? - This calculator does not use or consider any individual’s own financial circumstances at all; Public benevolent institutions and charities with $30,000 cap. Novated Lease - Vehicle Value. As you have selected casual employment, please submit your last 6 pay slips so that we can determine your average earnings and the amount you are able to salary … For further information, call SalaryPackagingPLUS on 1300 40 25 23 or visit the SalaryPackagingPLUS website To help us determine the benefits you could be eligible for, we need to know your industry sector. HECS/HELP repayments and taxation surcharges are excluded. Superannuation is part of your wage (salary package) and paid into your Superannuation fund. This calculator is for general use only and should not be used, relied on or treated as a substitute for specific professional advice relating to personal circumstances. Our Privacy Policy contains important information about how we collect, hold, use and disclose personal information. Fill in the Salary Packaging calculator to find out how much you can save! Key Features Page 2 … From the 1st of July 2019 all government study and training loans are covered by one set of thresholds and rates. and get more from your salary. - Maxxia is not licensed to provide taxation advice to anyone. Those everyday living expenses sure add up, but with salary packaging you can pay for them before you get taxed!. Disclaimer: Please note the SalaryPackagingPLUS calculator is designed to give you an estimate on the potential increase to take-home pay when salary packaging and is not to be used as a substitute for external independent financial and/or taxation advice. Smartsalary. Please contact Maxxia or refer to your employer's salary packaging policy for more information. Salary. Select your employer type to calculate your take-home pay savings, Public Hospitals and ambulance services with, Public benevolent institutions and charities with, Corporate, government and ‘for profit’ organisations, Religious, scientific or public educations schools, trade unions and associations with a. Department of Health, NSW 73 Miller Street North Sydney NSW 2060 Locked Mail Bag 961 North Sydney NSW 2059 Telephone (02) 9391 9000 Fax (02) 9391 9101 ... DEPARTMENT OF HEALTH SALARY PACKAGING OF SUPERANNUATION EMPLOYER GUIDELINES . Salary packaging calculator. To achieve the same benefit without salary packaging you would need a gross salary of $0 Submit This calculator is for general use only and should not be used, relied on or treated as a substitute for specific professional advice relating to personal circumstances. Contact Us. Monthly: Employees may also salary package a motor vehicle, ie apply for a Novated Lease. Try our Novated Leasing Calculator. Maxxia makes no representation that the results or any related information that the calculator produces is appropriate for your particular circumstances. Whether you’re ready to get started or would like to know more, we’re here to help. - All users must not rely on or consider any results generated by the calculator as personal taxation advice; ATO compulsory HECS/HELP repayment rate: See how salary packaging with Maxxia compares using the comparison table below. The calculator is provided for guidance purposes only and the results are estimates to illustrate potential scenarios. Fax: 1300 655 568 24 hour roadside assistance: 1800 819 093 24 hour accident assistance Armada: 1300 479 186 As a result, the employee’s salary is reduced to $67,000 per annum.
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