From the 1st of July 2019 all government study and training loans are covered by one set of thresholds and rates. This includes Higher Education Loan Program (HELP), Vet Student Loan (VSL), Student Financial Supplement Scheme (SFSS), Student Start-up Loan (SSL), ABSTUDY Student Start-up Loan (ABSTUDY SSL) and Trade Support Loans (TSL).
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The increase to take-home pay is based on comparison between your take-home pay without salary packaging and take-home pay with salary packaging. View the comparison below for more information.
| Annual Summary | Without Salary Packaging | With Salary Packaging |
|---|---|---|
| Pre-Tax Deductions | ||
| Living Expenses | {{formatNumber(result.unPackagedAnnual.livingExpense, "$0,0.00")}} | {{formatNumber(result.packagedAnnual.livingExpense, "$0,0.00")}} |
| Meal Entertainment | {{formatNumber(result.unPackagedAnnual.mealEntertainment, "$0,0.00")}} | {{formatNumber(result.packagedAnnual.mealEntertainment, "$0,0.00")}} |
| Airport Lounge Membership | {{formatNumber(result.unPackagedAnnual.airportLoungeMembership, "$0,0.00")}} | {{formatNumber(result.packagedAnnual.airportLoungeMembership, "$0,0.00")}} |
| Disability / Income Protection Insurance | {{formatNumber(result.unPackagedAnnual.disabilityProtectionInsurance, "$0,0.00")}} | {{formatNumber(result.packagedAnnual.disabilityProtectionInsurance, "$0,0.00")}} |
| Portable Electronic Devices | {{formatNumber(result.unPackagedAnnual.portableElectronicDevice, "$0,0.00")}} | {{formatNumber(result.packagedAnnual.portableElectronicDevice, "$0,0.00")}} |
| Professional Memberships and Subscriptions | {{formatNumber(result.unPackagedAnnual.professionalSubscription, "$0,0.00")}} | {{formatNumber(result.packagedAnnual.professionalSubscription, "$0,0.00")}} |
| Relocation Expenses | {{formatNumber(result.unPackagedAnnual.relocationExpense, "$0,0.00")}} | {{formatNumber(result.packagedAnnual.relocationExpense, "$0,0.00")}} |
| Superannuation | $0.00 | {{formatNumber(result.packagedAnnual.super, "$0,0.00")}} |
| Remote Area Housing | {{formatNumber(result.unPackagedAnnual.raHousing, "$0,0.00")}} | {{formatNumber(result.packagedAnnual.raHousing, "$0,0.00")}} |
| Remote Area Fuel | $0.00 | {{formatNumber(result.packagedAnnual.raFuel, "$0,0.00")}} |
| Self Education Expenses (Work Related) | {{formatNumber(result.unPackagedAnnual.selfEducation, "$0,0.00")}} | {{formatNumber(result.packagedAnnual.selfEducation, "$0,0.00")}} |
| Other FBT Exempt Benefit | $0.00 | {{formatNumber(result.packagedAnnual.otherExempts, "$0,0.00")}} |
| Novated Lease Pre-Tax | {{formatNumber(result.unPackagedAnnual.nlPreTax, "$0,0.00")}} | {{formatNumber(result.packagedAnnual.nlPreTax, "$0,0.00")}} |
| Administration Fees and FBT | ||
| FBT | {{formatNumber(result.unPackagedAnnual.fbt, "$0,0.00")}} | {{formatNumber(result.packagedAnnual.fbt, "$0,0.00")}} |
| Admin Fee | {{formatNumber(result.unPackagedAnnual.adminfee, "$0,0.00")}} | {{formatNumber(result.packagedAnnual.adminfee, "$0,0.00")}} |
| Share Saving | {{formatNumber(result.unPackagedAnnual.shareSaving, "$0,0.00")}} | {{formatNumber(result.packagedAnnual.shareSaving, "$0,0.00")}} |
| Total Pre-Tax Deduction | {{formatNumber(result.unPackagedAnnual.preTaxDeduction, "$0,0.00")}} | {{formatNumber(result.packagedAnnual.preTaxDeduction, "$0,0.00")}} |
| Tax Calculations | ||
| Gross Salary | {{formatNumber(result.unPackagedAnnual.grossSalary, "$0,0.00")}} | {{formatNumber(result.packagedAnnual.grossSalary, "$0,0.00")}} |
| Pre Tax Deductions | {{formatNumber(result.unPackagedAnnual.preTaxDeduction, "$0,0.00")}} | {{formatNumber(result.packagedAnnual.preTaxDeduction, "$0,0.00")}} |
| Taxable Income | {{formatNumber(result.unPackagedAnnual.taxableIncome, "$0,0.00")}} | {{formatNumber(result.packagedAnnual.taxableIncome, "$0,0.00")}} |
| PAYG Tax and Medicare Levy | {{formatNumber(result.unPackagedAnnual.taxandMCLevy, "$0,0.00")}} | {{formatNumber(result.packagedAnnual.taxandMCLevy, "$0,0.00")}} |
| Net Pay After Tax | {{formatNumber(result.unPackagedAnnual.netPayPostTax, "$0,0.00")}} | {{formatNumber(result.packagedAnnual.netPayPostTax, "$0,0.00")}} |
| Post-Tax Payments | ||
| Living Expenses | {{formatNumber(result.unPackagedAnnual.liveingExpensePostTax, "$0,0.00")}} | {{formatNumber(result.packagedAnnual.liveingExpensePostTax, "$0,0.00")}} |
| Meal Entertainment | {{formatNumber(result.unPackagedAnnual.mealPostTax, "$0,0.00")}} | {{formatNumber(result.packagedAnnual.mealPostTax, "$0,0.00")}} |
| Airport Lounge Membership | {{formatNumber(result.unPackagedAnnual.airportLoungeMembershipPostTax, "$0,0.00")}} | {{formatNumber(result.packagedAnnual.airportLoungeMembershipPostTax, "$0,0.00")}} |
| Disability / Income Protection Insurance | {{formatNumber(result.unPackagedAnnual.disabilityProtectionInsurancePostTax, "$0,0.00")}} | {{formatNumber(result.packagedAnnual.disabilityProtectionInsurancePostTax, "$0,0.00")}} |
| Portable Electronic Devices | {{formatNumber(result.unPackagedAnnual.portableElectronicDevicePostTax, "$0,0.00")}} | {{formatNumber(result.packagedAnnual.portableElectronicDevicePostTax, "$0,0.00")}} |
| Professional Memberships and Subscriptions | {{formatNumber(result.unPackagedAnnual.professionalSubscriptionPostTax, "$0,0.00")}} | {{formatNumber(result.packagedAnnual.professionalSubscriptionPostTax, "$0,0.00")}} |
| Relocation Expenses | {{formatNumber(result.unPackagedAnnual.relocationExpensePostTax, "$0,0.00")}} | {{formatNumber(result.packagedAnnual.relocationExpensePostTax, "$0,0.00")}} |
| Superannuation | {{formatNumber(result.unPackagedAnnual.super, "$0,0.00")}} | $0.00 |
| Remote Area Housing | {{formatNumber(result.unPackagedAnnual.raHousingPost, "$0,0.00")}} | $0.00 |
| Remote Area Fuel | {{formatNumber(result.unPackagedAnnual.raFuel, "$0,0.00")}} | $0.00 |
| Self Education Expenses (Work Related) | {{formatNumber(result.unPackagedAnnual.selfEducationPostTax, "$0,0.00")}} | {{formatNumber(result.packagedAnnual.selfEducationPostTax, "$0,0.00")}} |
| Other FBT Exempt Benefits | {{formatNumber(result.unPackagedAnnual.otherExemptsPostTax, "$0,0.00")}} | $0.00 |
| Novated Lease Post-Tax | {{formatNumber(result.unPackagedAnnual.nlPostTax, "$0,0.00")}} | {{formatNumber(result.packagedAnnual.nlPostTax, "$0,0.00")}} |
| Study and Training Support Loan | {{formatNumber(result.unPackagedAnnual.hecs, "$0,0.00")}} | {{formatNumber(result.packagedAnnual.hecs, "$0,0.00")}} |
| Total Post Tax Payments | {{formatNumber(result.unPackagedAnnual.totalDeductionPostTax, "$0,0.00")}} | {{formatNumber(result.packagedAnnual.totalDeductionPostTax, "$0,0.00")}} |
| Net Take Home Pay | {{formatNumber(result.unPackagedAnnual.netToHome, "$0,0.00")}} | {{formatNumber(result.packagedAnnual.netToHome, "$0,0.00")}} |
| Net Benefit | {{formatNumber(result.netBenefitAnnual, "$0,0.00")}} | |
| {{result.payCycle}} Summary | Without Salary Packaging | With Salary Packaging |
|---|---|---|
| Pre-Tax Deductions | ||
| Living Expenses | {{formatNumber(result.unPackagedPerCycle.livingExpense, "$0,0.00")}} | {{formatNumber(result.packagedPerCycle.livingExpense, "$0,0.00")}} |
| Meal Entertainment | {{formatNumber(result.unPackagedPerCycle.mealEntertainment, "$0,0.00")}} | {{formatNumber(result.packagedPerCycle.mealEntertainment, "$0,0.00")}} |
| Airport Lounge Membership | {{formatNumber(result.unPackagedPerCycle.airportLoungeMembership, "$0,0.00")}} | {{formatNumber(result.packagedPerCycle.airportLoungeMembership, "$0,0.00")}} |
| Disability / Income Protection Insurance | {{formatNumber(result.unPackagedPerCycle.disabilityProtectionInsurance, "$0,0.00")}} | {{formatNumber(result.packagedPerCycle.disabilityProtectionInsurance, "$0,0.00")}} |
| Portable Electronic Devices | {{formatNumber(result.unPackagedPerCycle.portableElectronicDevice, "$0,0.00")}} | {{formatNumber(result.packagedPerCycle.portableElectronicDevice, "$0,0.00")}} |
| Professional Memberships and Subscriptions | {{formatNumber(result.unPackagedPerCycle.professionalSubscription, "$0,0.00")}} | {{formatNumber(result.packagedPerCycle.professionalSubscription, "$0,0.00")}} |
| Relocation Expenses | {{formatNumber(result.unPackagedPerCycle.relocationExpense, "$0,0.00")}} | {{formatNumber(result.packagedPerCycle.relocationExpense, "$0,0.00")}} |
| Superannuation | $0.00 | {{formatNumber(result.packagedPerCycle.super, "$0,0.00")}} |
| Remote Area Housing | $0.00 | {{formatNumber(result.packagedPerCycle.raHousing, "$0,0.00")}} |
| Remote Area Fuel | $0.00 | {{formatNumber(result.packagedPerCycle.raFuel, "$0,0.00")}} |
| Self Education Expenses (Work Related) | {{formatNumber(result.unPackagedPerCycle.selfEducation, "$0,0.00")}} | {{formatNumber(result.packagedPerCycle.selfEducation, "$0,0.00")}} |
| Other FBT Exempt Benefit | {{formatNumber(result.unPackagedPerCycle.otherExempts, "$0,0.00")}} | {{formatNumber(result.packagedPerCycle.otherExempts, "$0,0.00")}} |
| Novated Lease Pre-Tax | {{formatNumber(result.unPackagedPerCycle.nlPreTax, "$0,0.00")}} | {{formatNumber(result.packagedPerCycle.nlPreTax, "$0,0.00")}} |
| Administration Fees and FBT | ||
| FBT | {{formatNumber(result.unPackagedPerCycle.fbt, "$0,0.00")}} | {{formatNumber(result.packagedPerCycle.fbt, "$0,0.00")}} |
| Admin Fee | {{formatNumber(result.unPackagedPerCycle.adminfee, "$0,0.00")}} | {{formatNumber(result.packagedPerCycle.adminfee, "$0,0.00")}} |
| Share Saving | {{formatNumber(result.unPackagedPerCycle.shareSaving, "$0,0.00")}} | {{formatNumber(result.packagedPerCycle.shareSaving, "$0,0.00")}} |
| Total Pre-Tax Deduction | {{formatNumber(result.unPackagedPerCycle.preTaxDeduction, "$0,0.00")}} | {{formatNumber(result.packagedPerCycle.preTaxDeduction, "$0,0.00")}} |
| Tax Calculations | ||
| Gross Salary | {{formatNumber(result.unPackagedPerCycle.grossSalary, "$0,0.00")}} | {{formatNumber(result.packagedPerCycle.grossSalary, "$0,0.00")}} |
| Pre Tax Deductions | {{formatNumber(result.unPackagedPerCycle.preTaxDeduction, "$0,0.00")}} | {{formatNumber(result.packagedPerCycle.preTaxDeduction, "$0,0.00")}} |
| Taxable Income | {{formatNumber(result.unPackagedPerCycle.taxableIncome, "$0,0.00")}} | {{formatNumber(result.packagedPerCycle.taxableIncome, "$0,0.00")}} |
| PAYG Tax and Medicare Levy | {{formatNumber(result.unPackagedPerCycle.taxandMCLevy, "$0,0.00")}} | {{formatNumber(result.packagedPerCycle.taxandMCLevy, "$0,0.00")}} |
| Net Pay After Tax | {{formatNumber(result.unPackagedPerCycle.netPayPostTax, "$0,0.00")}} | {{formatNumber(result.packagedPerCycle.netPayPostTax, "$0,0.00")}} |
| Post-Tax Payments | ||
| Living Expenses | {{formatNumber(result.unPackagedPerCycle.liveingExpensePostTax, "$0,0.00")}} | {{formatNumber(result.packagedPerCycle.liveingExpensePostTax, "$0,0.00")}} |
| Meal Entertainment | {{formatNumber(result.unPackagedPerCycle.mealPostTax, "$0,0.00")}} | {{formatNumber(result.packagedPerCycle.mealPostTax, "$0,0.00")}} |
| Airport Lounge Membership | {{formatNumber(result.unPackagedPerCycle.airportLoungeMembershipPostTax, "$0,0.00")}} | {{formatNumber(result.packagedPerCycle.airportLoungeMembershipPostTax, "$0,0.00")}} |
| Disability / Income Protection Insurance | {{formatNumber(result.unPackagedPerCycle.disabilityProtectionInsurancePostTax, "$0,0.00")}} | {{formatNumber(result.packagedPerCycle.disabilityProtectionInsurancePostTax, "$0,0.00")}} |
| Portable Electronic Devices | {{formatNumber(result.unPackagedPerCycle.portableElectronicDevicePostTax, "$0,0.00")}} | {{formatNumber(result.packagedPerCycle.portableElectronicDevicePostTax, "$0,0.00")}} |
| Professional Memberships and Subscriptions | {{formatNumber(result.unPackagedPerCycle.professionalSubscriptionPostTax, "$0,0.00")}} | {{formatNumber(result.packagedPerCycle.professionalSubscriptionPostTax, "$0,0.00")}} |
| Relocation Expenses | {{formatNumber(result.unPackagedPerCycle.relocationExpensePostTax, "$0,0.00")}} | {{formatNumber(result.packagedPerCycle.relocationExpensePostTax, "$0,0.00")}} |
| Superannuation | {{formatNumber(result.unPackagedPerCycle.super, "$0,0.00")}} | $0.00 |
| Remote Area Housing | {{formatNumber(result.unPackagedPerCycle.raHousingPost, "$0,0.00")}} | $0.00 |
| Remote Area Fuel | {{formatNumber(result.unPackagedPerCycle.raFuel, "$0,0.00")}} | $0.00 |
| Self Education Expenses (Work Related) | {{formatNumber(result.unPackagedPerCycle.selfEducationPostTax, "$0,0.00")}} | {{formatNumber(result.packagedPerCycle.selfEducationPostTax, "$0,0.00")}} |
| Other FBT Exempt Benefits | {{formatNumber(result.unPackagedPerCycle.otherExemptsPostTax, "$0,0.00")}} | $0.00 |
| Novated Lease Post-Tax | {{formatNumber(result.unPackagedPerCycle.nlPostTax, "$0,0.00")}} | {{formatNumber(result.packagedPerCycle.nlPostTax, "$0,0.00")}} |
| HECS/STSL | {{formatNumber(result.unPackagedPerCycle.hecs, "$0,0.00")}} | {{formatNumber(result.packagedPerCycle.hecs, "$0,0.00")}} |
| Total Post Tax Payments | {{formatNumber(result.unPackagedPerCycle.totalDeductionPostTax, "$0,0.00")}} | {{formatNumber(result.packagedPerCycle.totalDeductionPostTax, "$0,0.00")}} |
| Net Take Home Pay | {{formatNumber(result.unPackagedPerCycle.netToHome, "$0,0.00")}} | {{formatNumber(result.packagedPerCycle.netToHome, "$0,0.00")}} |
| Net Benefit | {{formatNumber(result.netBenefitPerCycle, "$0,0.00")}} | |
Disclaimer: Please note the SalaryPackagingPLUS calculator is designed to give you an estimate on the potential increase to take-home pay when salary packaging and is not to be used as a substitute for external independent financial and/or taxation advice.
The calculations are based on personal income tax rates and thresholds for the 2019/2020 financial year and assumed salary packaging administration fees. The actual salary packaging administration fee can vary based on your employer policy and the benefits available.
SalaryPackagingPLUS recommends that you seek independent financial and/or taxation advice before entering into any salary packaging arrangements.
