Is salary Package worth or not?

melguy

I've just applied salary package(SP) for my new work, and have packaged over 10k annually. But I heard someone said that SP is not worth enough for tax reture (fringe Tax Benefit or something) and therefore better not apply for that.<br>
It really confused me and could someone kind enough show me the way?<img src="../leadbbsfile/UBBicon/em10.GIF"  align=absmiddle border=0>

astina

don't think my answer would throw any light to you - each family's scenario is different

astina

depends on too many factors - need to analyse case by case

astina

try to talk to your payroll people or accoutants who know your salary details to see whether they can provide some useful advice

astina

JACK, why did yo delete your reply on level 6? I saw it anyway. <br>
<br>
you are right in saying that FBT is almost as complex as Income Tax. Melguy may need to seek professional advice to make an informed decision.

melguy

You are right, AS, thanks anyway.

JACK

<img src="../leadbbsfile/UBBicon/em65.GIF"  align=absmiddle border=0>

melguy

Thanks error,<br>
I've packaged my credit card and some professional development cost. <br>
The packaged amount of payment will withhold every fortnightly until I claim with statement.

error

I am not sure which kind of salary package you would have, but I have some experience of my salary package. Our salary package is done like that, every month before I get my salary, I provide the expense of last month to a company which handle our salary package, then the company will take the money I provided from my employer and transfer to my bank account. So these money is not includ in my gross income and I need not pay tax for it. For example, I earn 30,000 per year, and I can package 10,000 per year. So in the end of finacial year, my employer will give me a salary and tax statement, to certify that I get 20,000 payment and pay *** tax in last year.

melguy

I've got some information from <a target=_blank href=http://www.salpac.com.au/FAQ.asp>http://www.salpac.com.au/FAQ.asp</a><br>
Outside my window,Fitzroy Garden and MCG in distance all covering in drizzle under cloudy sky...

error

Not everyone is eligible for Salary Package, only a few public benevolent institution and University is approved, because of their employee's relative lower salary level.<br>

poweregg

看洋文好痛苦阿~~~~~~就在努力奔向洋文世界

牛刀

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