Disclaimer
Specific benefit information
*Additional superannuation contributions
Caps may apply. Government of South Australia employees who make additional contributions through Super SA are not capped. Please contact Super SA for further details.
*Laptops and electronic devices
SA Police do not allow salary packaging of electronic devices.
Novated lease calculator assumptions
The estimated annual benefit will vary depending upon salary, employment circumstances, selected benefits and applicable tax treatment. The annual operating costs are calculated based on the size of the vehicle and the number of kms selected, and includes estimates of fuel, maintenance, registration, comprehensive insurance, fleet management and salary packaging fees. GST of 1/11th is payable on your ECM contributions. All ITCs are paid to you as salary by your employer. Stamp Duty rates apply. Estimate is based on vehicle finance provided by Macquarie Leasing.
Salary packaging exemption information
$9,010 limit
Public hospitals have a capping threshold (being a grossed up taxable value of $17,000) placed on the amount of fringe benefits they may provide to employees each FBT year without FBT applying. The maximum amount of $9,010 has been determined using a gross up rate of 1.8868 and assumes that the payments are not subject to GST. Where the payments are subject to GST this amount will be reduced to $8,172 and the gross up rate of 2.0802 should be used to determine the grossed up taxable value of the benefits provided.
$15,900 limit
Public benevolent institutions and charities have a capping threshold (being a grossed up taxable value of $30,000) placed on the amount of fringe benefits they may provide to employees each FBT year without FBT applying. The maximum amount of $15,900 has been determined using a gross up rate of 1.8868 and assumes that the payments are not subject to GST. Where the payments are subject to GST this amount will be reduced to $14,421 and the gross up rate of 2.0802 should be used to determine the grossed up taxable value of the benefits provided.
Financial, taxation or financial product advice
The information provided in this document is factual information only and has been prepared without consideration of your personal circumstances. Maxxia Pty Ltd. does not provide you with any form of financial, taxation or financial product advice on the relative merits of salary packaging programs or on any other basis. You should seek your own independent professional advice before making a decision with respect to salary packaging or novated leasing. Maxxia Pty Ltd. may receive commissions or rebates in connection with some services it provides or arranges to be provided by third parties.
General information & fees
The information contained on this website is general information only and has been prepared without consideration of your personal circumstances. Maxxia Pty Ltd does not provide you with any form of financial, taxation or financial product advice on the relative merits of salary packaging or novated leasing or on any other basis. You should seek your own independent professional advice before making a decision with respect to salary packaging or novated leasing.
While all reasonable care has been taken in producing this information, Maxxia Pty Ltd do not warrant the accuracy or completeness of this information and will not be liable for, or in connection with, any loss or damage suffered as a result of any inaccuracies, errors or omissions or your reliance on this information. Subsequent changes to content on this site may occur at any time and may impact on the accuracy of the information.
All examples as provided on this website are for illustrative purposes only and have been prepared without consideration of your personal circumstances. Some of the listed products attract Fringe Benefits Tax (FBT). The supply of salary packaging and novated leasing services (and use of the Salary packaging Payment Card) is subject to the Maxxia terms and conditions, the employer's Salary Packaging Policy and, where applicable, finance approval (available on application) and conditions and merchant acceptance. Fee and charges apply.
In all examples PAYG tax rates effective 1 July 2020 have been used, and Fees and Charges are excluded. Tax, benefit & Medicare levy calculations are approximate, and assumes no other taxable income is received. HECS/HELP repayments and taxation surcharges are excluded.
The supply of salary packaging services is subject to Maxxia Pty Ltd. terms and conditions (available from www.maxxia-sagov.com.au or by calling us on 1300 123 123), finance approval and conditions and the terms of your employer's Salary Packaging Policy. Fees and charges apply.
Your employer will charge $40.00 plus GST ($44.00) to be paid direct from your salary post tax on the commencement of any Salary Sacrifice Agreement.
We have provided links to other sites that may be of interest to you. Maxxia Pty Ltd does not endorse or recommend any product or service provided by any of the companies for which links are provided.