Salary packaging can provide you with substantial
savings. TFM Salary Packaging will provide you with the options available
after considering your employer's tax treatment, your gross
taxable salary and your personal situation. In other words, a
package tailored to suit you now, showing you the tax savings
available and the effect on your tax home pay.
Click a link below to view possible savings under each
employer category.
As an employee of a PBI - Charity (non-hospital), you
receive the first $15,900 of most benefits completely free of taxes
(no PAYG or FBT).
Assuming the PAYG tax rate of 32.5 cents in the dollar,
you could save approximately $5,000 after tax per annum. If
other FBT exempt benefits or Meal Entertainment Card are added
the total savings are increased.
Contact TFM Salary Packaging now to
start saving. Each fortnightly payday, you could be around $200
better off.
Public Hospital
As an employee of a PBI - Public Hospital, you receive
the first $9,010 of most benefits completely free of taxes (no
PAYG or FBT).
Assuming the PAYG tax rate of 32.5 cents in the dollar,
you could save approximately $2,900 after tax per annum. If
other FBT exempt benefits or Meal Entertainment Card are added
the total savings are increased.
Contact TFM Salary Packaging now to
start saving. Each fortnightly payday, you could be around $110
better off.
Rebatable Organisation
As an employee of a rebatable employer, you can package
items up to the value of $15,900 at a reduced FBT rate. This
means your savings are almost double those enjoyed by employees
of corporate taxpayers!
After-tax savings typically range from $3,500 to $6,500
per annum for a packaged motor vehicle alone, depending on the
type of vehicle and the running costs per annum. These savings
include PAYG tax and GST where applicable.
Contact TFM Salary Packaging
now to start saving. Each fortnightly payday, you could be
around $135 better off.
Corporate Employer
The most popular item packaged is a motor vehicle due to
the combination of PAYG tax and GST savings. In most cases your
package will consist of pre tax salary sacrificed and some post
tax employee contributions, sufficient to zero out all FBT
liability. When you salary package your car, we will show you the best
method to use to maximise your savings.
After-tax savings typically range from $2,500 up to
$6,000 per annum for a packaged motor vehicle alone, depending
on the type of vehicle and the distance travelled per annum.
The savings include PAYG tax and GST. When other FBT exempt
items are added to your package, these savings are increased.
Contact TFM Salary Packaging now to start
saving. Each monthly payday, you could be around $208 better
off.