Choose your nearest Salary and Laptop cost:

Salary $50,000 - Laptop $3,300

Salary $80,000 - Laptop $3,300



Salary $50,000
Laptop $3,300

 

Benefit Items
Not Packaged
Packaged
Gross Salary
$50,000
$50,000
Less
Laptop Computer
$3,300
Fringe Benefits Tax
Total Deductions Before Tax
$3,300
Input Tax Credit
$300
Gross Salary after Packaging
$50,000
$47,000
Less
PAYG and Medicare Levy
$11,100
$10,155
Net Salary after PAYG and Medicare
$38,900
$36,845
Less After Tax Costs
Non-Packaged Laptop Cost
$3,300
Disposable Income
$35,600
$36,845
Estimated Net Fortnightly Savings
$47
Estimated Net Annual Savings  
$1,245

Increase in Net Salary: 3.5%


Salary $80,000
Laptop $3,300

 

Benefit Items
Not Packaged
Packaged
Gross Salary
$80,000
$80,000
Less
Laptop Computer
$3,300
Fringe Benefits Tax
Total Deductions Before Tax
$3,300
Input Tax Credit
$300
Gross Salary after Packaging
$80,000
$77,000
Less
PAYG and Medicare Levy
$21,050
$19,805
Net Salary after PAYG and Medicare
$58,950
$57,195
Less After Tax Costs
Non-Packaged Laptop Cost
$3,300
Disposable Income
$55,650
$57,195
Estimated Net Fortnightly Savings
$57
Estimated Net Annual Savings  
$1,545

Increase in Net Salary: 3%


Disclaimer: The calculations contained in the above example are estimates only and are based on packaging parameters and do not take into account your individual circumstances. The calculations assumes, that your employer is eligible to claim back the GST and returns it to your package and that you are claiming the tax-free threshold and that you have no other salary packaged components or additional income/deductions, such as an investment property and are based on Tax rates for 2006-2007. The estimated annual savings are based on the assumption that the financing of the motor vehicle outside of the salary packaging arrangement is on the same terms and conditions as the novated lease quotation. We recommend that you obtain independent financial advice prior to proceeding with a salary packaging arrangement.