Choose your nearest Salary and Motor Vehicle cost:

Salary $50,000 - Motor Vehicle $30,000 - Travelling 25,000 kms

Salary $50,000 - Motor Vehicle $30,000 - Travelling 15,000 kms

Salary $95,000 - Motor Vehicle $30,000 - Travelling 25,000 kms

Salary $95,000 - Motor Vehicle $50,000 - Travelling 10,000 kms



Salary $50,000
Motor Vehicle $30,000
Travelling 25,000 Kilometres

 

Benefit Items
Not Packaged
Packaged
Gross Salary
$50,000
$50,000
Less
Motor Vehicle Operating Costs
$13,712
Fringe Benefits Tax
$1,648
Total Deductions Before Tax
$15,360
Input Tax Credit
$1,246
Gross Salary after Packaging
$50,000
$35,886
Less
PAYG and Medicare Levy
$11,100
$6,654
Net Salary after PAYG and Medicare
$38,900
$29,232
Less After Tax Costs
Non-Packaged Motor Vehicle Costs
$13,712
Disposable Incomes
$25,188
$29,232
Estimated Net Fortnightly Savings
$155
Estimated Net Annual Savings  
$4,044

Increase in Net Salary: 16%

Salary $50,000
Motor Vehicle $30,000
Travelling 15,000 Kilometres

 

Benefit Items
Not Packaged
Packaged
Gross Salary
$50,000
$50,000
Less
Motor Vehicle Operating Costs
$11,612
Fringe Benefits Tax
$2,995
Total Deductions Before Tax
$14,607
Input Tax Credit
$1,055
Gross Salary after Packaging
$50,000
$36,448
Less
PAYG and Medicare Levy
$11,100
$6,831
Net Salary after PAYG and Medicare
$38,900
$29,617
Less After Tax Costs
Non-Packaged Motor Vehicle Costs
$11,612
Disposable Incomes
$27,288
$29,617
Estimated Net Fortnightly Savings
$89
Estimated Net Annual Savings  
$2,329

Increase in Net Salary: 8.5%

Salary $95,000
Motor Vehicle $30,000
Travelling 25,000 Kilometres

 

Benefit Items
Not Packaged
Packaged
Gross Salary
$95,000
$95,000
Less
Motor Vehicle Operating Costs
$13,712
Fringe Benefits Tax
$1,648
Total Deductions Before Tax
$15,360
Input Tax Credit
$1,246
Gross Salary after Packaging
$95,000
$80,886
Less
PAYG and Medicare Levy
$27,275
$21,418
Net Salary after PAYG and Medicare
$67,725
$59,468
Less After Tax Costs
Non-Packaged Motor Vehicle Costs
$13,712
Disposable Incomes
$54,013
$59,468
Estimated Net Fortnightly Savings
$209
Estimated Net Annual Savings  
$5,455

Increase in Net Salary: 10%

Salary $95,000
Motor Vehicle $50,000
Travelling 10,000 Kilometres

 

Benefit Items
Not Packaged
Packaged
Gross Salary
$95,000
$95,000
Less
Motor Vehicle Operating Costs
$15,734
Fringe Benefits Tax
$6,490
Total Deductions Before Tax
$22,224
Input Tax Credit
$1,430
Gross Salary after Packaging
$95,000
$74,206
Less
PAYG and Medicare Levy
$27,275
$18,725
Net Salary after PAYG and Medicare
$67,725
$55,481
Less After Tax Costs
Non-Packaged Motor Vehicle Costs
$15,734
Disposable Incomes
$51,991
$55,481
Estimated Net Fortnightly Savings
$134
Estimated Net Annual Savings  
$3,490

Increase in Net Salary: 7%

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.