SALARY PACKAGING OPTIONS REPORT
Contents
1. Example 2 with current Salary Packaging with Employee Contribution Method SALARY PACKAGING OPTIONS REPORT The information contained in this report has been determined based on the details which you have provided as part of the HR eXpert online enquiry on 1 Jun 2004 and is provided as guidance only The government of New South Wales gives no warranty or undertaking that the information or results produced from using this system represent your true entitlement This inquiry does not consider your individual investment objectives financial situation and needs It provides basic financial information which can be used to assist in your decision making In all cases you should undertake your own investigations and analysis of the information received as a result of this inquiry You should not act on the basis of this information without considering and if necessary taking appropriate financial legal and other professional advice about your own particular circumstances Salary Packaging arrangements may vary across agencies Each agency will have its own Salary Packaging information for staff You need to confirm with your HR area what the particular circumstances are for your agency If your employment circumstances change any Salary Packaging arrangements may be impacted You should contact the HR area in your agency for further advice or refer to the Guidelines and user Manual for Contract 6036 Flexible Salary Packaging for non SES Pu2. tax payable 1 142 00 1 068 00 784 00 894 00 Employee contribution 0 00 0 00 0 00 122 27 NET FORTNIGHTLY 2 242 00 2 162 68 1 861 99 1 856 02 SALARY Superannuation Annual 153 32 0 00 0 00 0 00 contribution Current package Motor vehicle Annual 469 54 0 00 0 00 0 00 costs Laser NET FORTNIGHTLY 1 619 14 2 162 68 1 861 99 1 856 02 POSITION FORTNIGHTLY NET 242 85 236 88 SALARY BENEFIT comparing your proposed Salary Packaging with no Salary Packaging Notes 1 Your fortnightly salary details with no Salary Packaging arrangements 2 Your fortnightly salary details with your current Salary Packaging arrangements 3 Your fortnightly salary details with your proposed Salary Packaging options calculated without using the employee contribution method ECM Using the ECM is only possible when packaging a motor vehicle under certain circumstances It allows you to reduce the FBT component on a motor vehicle by making an after tax contribution to running costs Where this is the case an additional column With Salary Packaging with ECM will be displayed in this report If this column is not present the ECM is not applicable in your situation 4 Your fortnightly salary details with your proposed Salary Packaging options calculated using the employee contribution method Note that these figures are based on your annual gross superable salary They do not take into consideration
3. any allowances or additional salary you may receive eg overtime or salary increases over time Other deductions or taxation arrangements you may currently have in place are also excluded Generally Salary Packaging will be cost neutral to the employer and administration fees may be charged to individual packages including additional fees where changes to packaging arrangements are made over time You should check with your agency to determine whether any administration fees apply Where this is the case you will need to deduct these fees from the net salary benefit provided above
4. ayable 0 00 0 00 0 00 290 00 FBT payable 0 00 0 00 3 004 10 0 00 ANNUAL TAXABLE 88 286 14 84 286 14 69 032 04 74 936 14 GROSS SALARY Income tax payable 29 793 96 27 863 36 20 454 00 23 323 82 Employee contribution 0 00 0 00 0 00 3 190 00 NET ANNUAL SALARY 58 492 18 56 422 78 48 578 04 48 422 32 Superannuation Annual 4 000 00 0 00 0 00 0 00 contribution Current package Motor vehicle Annual 12 250 00 0 00 0 00 0 00 costs Laser NET ANNUAL POSITION 42 242 18 56 422 78 48 578 04 48 422 32 ANNUAL NET SALARY 6 335 86 6 180 14 BENEFIT comparing your proposed Salary Packaging with no Salary Packaging Notes 1 Your annual salary details with no Salary Packaging arrangements 2 Your annual salary details with your current Salary Packaging arrangements 3 Your annual salary details with your proposed Salary Packaging options calculated without using the employee contribution method ECM Using the ECM is only possible when packaging a motor vehicle under certain circumstances It allows you to reduce the FBT component on a motor vehicle by making an after tax contribution to running costs Where this is the case an additional column With Salary Packaging with ECM will be displayed in this report If this column is not present the ECM is not applicable in your situation 4 Your annual salary details with your proposed Salary Packaging options calculated using the employ
5. blic Sector Employees HR eXpert is based on the Public Sector Employment and Management Act 2002 If you are not currently employed under this act the following results may be inaccurate or misleading Employee Details Name Example Name Serial Employee No Example No Agency Department Example Agency Division Branch Example Branch Classification Example Classification Grade Example Grade Gross Weekly Superable Wage Without Salary Packaging 1 692 00 the calculations below are based on this amount Your superable salary or wage is generally your gross salary or base wage and will depend on which superannuation scheme you belong to Information about superable salary is available from your superannuation fund The HR area in your agency should also be able to provide information about your superable salary or wage Salary Packaging Options Annual Details Current arrangement Proposed arrangement Without With current With Salary With Salary Salary Salary Packaging Packaging Packaging Packaging No ECM with ECM 1 2 3 4 ANNUAL GROSS 88 286 14 88 286 14 88 286 14 88 286 14 SUPERABLE SALARY Current Salary Packaging 0 00 4 000 00 0 00 0 00 arrangement Superannuation Annual 0 00 0 00 4 000 00 4 000 00 contribution Current package Motor vehicle Annual 0 00 0 00 12 250 00 9 060 00 costs Laser GST p
6. ee contribution method Note that these figures are based on your annual gross superable salary They do not take into consideration any allowances or additional salary you may receive eg overtime or salary increases over time Other deductions or taxation arrangements you may currently have in place are also excluded Generally Salary Packaging will be cost neutral to the employer and administration fees may be charged to individual packages including additional fees where changes to packaging arrangements are made over time You should check with your agency to determine whether any administration fees apply Where this is the case you will need to deduct these fees from the net salary benefit provided above Salary Packaging Options Sample Pay Slip Fortnightly Current arrangement Proposed arrangement Without With current With Salary With Salary Salary Salary Packaging Packaging Packaging Packaging No ECM with ECM 1 2 3 4 FORTNIGHTLY GROSS 3 384 00 3 384 00 3 384 00 3 384 00 SUPERABLE SALARY Current Salary Packaging 0 00 153 32 0 00 0 00 arrangement Superannuation Annual 0 00 0 00 153 32 153 32 contribution Current package Motor vehicle Annual 0 00 0 00 469 54 347 27 costs Laser GST payable 0 00 0 00 0 00 11 12 FBT payable 0 00 0 00 115 15 0 00 FORTNIGHTLY TAXABLE 3 384 00 3 230 68 2 645 99 2 872 30 GROSS SALARY Income
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