<blockquote rel="peach17">Guys, magtatanong ako about Salary Packaging.
Meron kasi sa company namin na Superannuation or Car Novated Lease.
D ko pa alam paano to makaktipid with regards to Tax.
Ibig sabihin ba nito, kung ang kukuhanin ko ay sa Superannuation na Salary Packaging, bababa ang ssuwelduhin ko Monthly? Kasi mappunta yung portion ng salary ko sa Superannuation?
Sa Car Novated Lease naman, since Lease ito, ibig sabihin hindi ko nman owned ang Car di ba? Bakit maganda po itong i Salary Package?
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@peach17, ang salary packaging is one of the best benefit a company could give to their employee. Sobrang laki ang matitipid mo dito. Here is the example how it works.
Salary w/out salaray packaging
Weekly pay: $1000
less tax (10%): 100
Take home: $900
total tax paid for the whole year is $5200
total pay for the whole year is $5200
$52000 is not considered as low income, so in applying tax return $5200 less than 70% take home tax return will be $1560.
Salary with salary packaging
Weekly pay : $1000
salary packaging: $600
less tax (10%): $40
Take home: $360
total tax paid for the whole year $2080
total pay for the whole year is $18720
$18720 is considered as low income so total amount of tax you had paid will be refunded.
With salary packaging, it's shows that you haven't paid any tax to the government. With the amount you salary packaged you can use that to pay your house rent, car repayment, supperannuation.
Hope this helps.