Effective salary packaging options are vital to entice and retain quality staff and obtain the maximum benefit from your business structure.
Recent legislation changes have made salary packaging for superannuation contributions obsolete. This is due to the ability for individuals, 不管他们的就业状况如何, to obtain a tax deduction for superannuation contributions from after tax dollars. This change removes the need to set up salary packaging for superannuation contributions and have the agreements in place from the start of the financial year. Self-employed individuals no longer have to worry about the deductibility of their personal concessional superannuation contributions if they have small employment income during the year, as the discriminatory 10% rule on employment income has been removed.
Salary sacrificing via a salary package still has tax advantages for business owners and their employees. Salary sacrificing is where an employee’s gross salary is reduced by payments made for other benefits on the employee’s behalf.
福利包括以下内容:
- Motor vehicle leasing and/or running costs
- 保险
- 笔记本电脑
- 抵押贷款/租金
- 托儿费
税 savings result from a reduced gross salary which is then taxed at rates lower than the pre-sacrificed gross salary.
When setting up an effective salary packaging arrangement you must ensure that any package is an effective salary packaging arrangement. You must ensure the package has been agreed in writing prior to the employee performing the 工作. Larger tax savings can result when the gross salary of the individual is reduced to a lower tax bracket.
Some of the above benefits can have Fringe Benefits 税 consequences depending on the business circumstances, however tax savings from salary sacrificing may still result. Specific Fringe Benefits 税 consequences should be discussed with your local Accru advisor to provide detail specific to your business.
除此之外, if an individual is employed by the following types of organisations, there are Fringe Benefits 税 exemptions subject to a gross cap of $30,000 or $17,000，视雇主而定;
- Registered public benevolent institution
- 注册健康促进慈善机构
- 公立非营利性医院
- 公共救护服务
This effectively means benefits that would usually be subject to fringe benefits tax (such as mortgage or rent payments) can be sacrificed up to the applicable threshold with no additional fringe benefits tax implications.
这取决于你的个人情况, salary sacrificing can yield cash benefits to the individual, however the business owner must ensure that the arrangement is an effective salary packaging agreement.
Having these options available to employees may be critical in attracting and retaining the best staff for your business. Please discuss your circumstances and any salary packaging arrangements with your local Accru advisor. We can calculate the tax and cash benefit of salary sacrificing for you to ensure you make an informed decision when it comes to choosing to salary sacrifice.
每个人的情况都是独一无二的. 澳门赌场官网 your local office and see how Accru can help you today.
