Want a new car? ...or a new laptop? You are now able to salary package your next car or laptop and pay no Fringe Benefits Tax* 1/7

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Phoebe Morrison
6 years ago
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1 Want a new car?...or a new laptop? You are now able to salary package your next car or laptop and pay no Fringe Benefits Tax* *Conditions apply. See inside for details. 1/7

wide range of cars and laptops or we choose one for you One laptop can be purchased each FBT year

2 Key benefits of salary packaging your new CAR or LAPTOP: No Fringe Benefits Tax No GST paid on the purchase price save 10% Paid from pre-tax income GST credit on items packaged Choose from a wide range of cars and laptops or we choose one for you One laptop can be purchased each FBT year Car may be leased for 100% private use More than one vehicle may be leased with employer consent 2/7

Want a new car? You are now able to salary package your next car and save. You don t need to be on a high salary to benefit from the tax advantages - just a full-time or part-time employee!

3 Want a new car? You are now able to salary package your next car and save. You don t need to be on a high salary to benefit from the tax advantages - just a full-time or part-time employee! When you take full advantage of salary packaging with Remunerator you also save 10% on the purchase price of your new car and pay no GST on all your running costs and maintenance. Salary packaging your new car is easy with Remunerator. Simply call or novated@remunerator.com.au An example of how it works... Example based on an employee earning $60,000 p.a., vehicle worth $30,000 Annual Distance Travelled 15,000km 15,000km 25,000km 45,000km Item No Packaging Packaging Packaging Packaging Gross Annual Salary $ 60,000 $ 60,000 $ 60,000 $ 60,000 Pre-tax car running & lease costs 3 $ 0 $ 6,788 1 $ 11,603 1 $ 17,632 1 GST on Employee Contribution $ 0 $ $ $ Less GST Refund $ 0 $ 1,144 5 $ 1,394 5 $ 1,894 5 Tax incl. Medicare Levy $ 13,500 $ 11,361 $ 9,845 $ 7,945 Net Salary $ 46,500 $ 41,850 $ 38,552 $ 34,442 Post-tax Employee Contribution $ 0 $ 5,660 2 $ 3,113 2 $ 1,981 2 Post-tax car running & lease costs 3 $ 13,077 $ 0 $ 0 $ 0 Net cash salary $ 33,423 $ 36,191 $ 35,439 $ 32,441 Net benefit from packaging $ 0 $ 2,768 $ 4,766 $ 7,268 Net saving over the life of the lease $ 0 $ 11,072 $ 19,064 $ 29,072 # 1 Note: pre-tax car running and lease costs reduced by amount of Employee Contribution 2 Employee contribution = FBT Value x Statutory Rate 3 Running cost includes 48 month lease with 45% residual, petrol, oil, registration, insurance, servicing 4 GST payable by employee on post tax contribution 5 Input tax Credit passed back to employee Salary packaging fee not included. Figures are for illustration purposes only. Taxation calculations are according to our interpretation of current legislation. Figures may change at any time and are no substitute for legal or other professional advice. 3/7

4 Want a new laptop? Pay less by taking full advantage of salary packaging with Remunerator. Pay for your laptop with pre-tax income, plus you can save 10% on the purchase price of your new laptop. Salary packaging your new laptop is easy with Remunerator. Significant savings on retail prices! An example of how it works... How paying expenses from pre-tax income reduces the amount of income tax payable and increases take home pay. Item Annual income: $66,000 Laptop cost: $1,189 No Packaging Packaging Annual income: $66,000 Laptop cost: $2,000 No Packaging Packaging Amount Packaged $ 0 $ 1,159 $ 0 $ 1,900 Taxable Income $ 66,000 $ 64,841 $ 66,000 $ 64,100 Tax Payable $ 14,790 $ 14,424 $ 14,790 $ 14,191 Net Pay $ 51,210 $ 50,417 $ 51,210 $ 49,909 Laptop (including GST) $ 1,189 $ 0 $ 2,000 $ 0 Cash Remaining $ 50,021 $ 50,417 $ 49,210 $ 49,909 Net saving: $ 396 $ 699 Laptop cost is just: $ 793 $ 1301 Simply call or novated@remunerator.com.au Salary packaging fee not included. Figures are for illustration purposes only. Taxation calculations are according to our interpretation of current legislation as at 14 May Figures may change at any time and are no substitute for legal or other professional advice. Important Note: To be eligible for a Laptop Computer from your pre-tax income, the primary purpose for the Laptop must be for Work Related Purposes. You will have to sign a Declaration at the time of claiming reimbursement for your Laptop. Available to employees averaging 20+ hours per week (over six months). Ask us about: Other exempt benefit items: PDA Mobile phone or iphone Brief case Other deductable benefit items: Financial advice Work related tools Travel 4/7

5 PO Box 1247, Camberwell VIC 3124 Return by fax to: Ph Please print clearly Salary Packaging Application Form Personal Details Title (tick): Dr Mr Mrs Ms Other (Specify): Surname: Address: First Name: Suburb: State: Postcode: Date of Birth: / / Fax: ( ) Mobile: Home Phone: ( ) Work Phone: ( ) Employer Name: Occupation: Department: Location: Payroll Number: Full Time / Part Time: Please tick if applicable Casual: Please tick if applicable Estimated annual income: Most recent pay date: Please attach a recent payslip to your application Your nominated bank account details (savings, cheque or everyday account) Account holders name: Bank: BSB (6 digit number): Branch: Account No.: Laptop Computer or PDA Please pay only $ per year total Fax invoice/receipt and Claim Form to or post to PO Box 1247, Camberwell VIC Money will be paid to nominated account. Claim forms can be downloaded from Declaration: I wish to participate in the salary packaging program made available by the above mentioned employer. I have read, understood and accepted the terms of the salary packaging policy as set by the above mentioned employer. I agree that all costs and charges associated with entering into the salary package will be met by me from the next available pay period. I have read, understood and agree with Remunerator s Privacy Statement, which is available at Signature: Date: / / Important: Please supply all additional documents for taxation purposes. 5/7

6 PO Box 1247, Camberwell VIC 3124 Return by fax to: Ph Work Related Expenses Certification Please print clearly Employee to complete Surname: Given Name(s): Agency/Company I, the employee named above, seek to include the following items in my Salary Sacrifice arrangements. (Indicate as applicable) Laptop/notebook (Details ) Mobile Phone (Details ) Briefcase (Details ) Electronic Diary (Details ) Calculator (Details ) I, the employee named above, certify that the claimed items are primarily for use by myself in my employment. Signature: Date: / / Employee s Line Manager to complete As Line Manager for the employee named above, I certifiy that I understand the items listed above are primarily for use in the employee s employment. Signature: Date: / / Name: Position/Department: 6/7

7 Salary packaging your new car or laptop is easy with Remunerator. Simply call or if you want a new car # or laptop with no Fringe Benefits Tax. # FBT payable only if budgeted annual kilometres are not achieved. 7/7

Salary Packaging Application Form Standard Benefits

Salary Packaging Application Form Standard Benefits Personal Information Surname: Date of Birth: / / Payroll Identification Number: Payroll Cycle: q Weekly q Fortnightly q Monthly q Other Your contact details: Work Mobile Home Employer Name: Nominated account