Salary packaging could benefit all income earners – no matter how much (or how little) you get paid.
As long as you're paying income tax, salary packaging could potentially lower your taxable income and may reduce the amount of tax you pay.
An employee for a health organisation or department on an annual salary of $60,000, who fully packages to their $9,010 FBT exemption cap, could save up to $3,892 each year*
An employee for a public department on an annual salary of $60,000 who packages $3,000 in superannuation contributions could save up to $904 each year*
The Queensland Government strongly recommends that employees obtain independent financial advice before entering into a Salary Packaging Agreement.
Ready to find out more?
Check out our salary packaging calculator to estimate how much you could save.
The examples provided are general information only by using some generic taxation scenarios and some publicly available general material published on the ATO's website; www.ato.gov.au. It does not offer a complete overview of applicable taxation methods. The examples shown do not use or consider any individual’s own financial circumstances at all. All users must not rely on or consider any results generated as personal taxation advice. RemServ is not licensed to provide taxation advice to anyone.