Assumptions

1. The calculations are for illustrative purposes only and are of a general nature. The actual benefit per annum that could be achieved is dependent on applicable fees, your employer's Salary Packaging Policy, the amount salary packaged, your salary, and your personal financial circumstances.
2. Tax and Medicare calculations are approximate only.
3. A medicare levy is applied.
4. They do not include a medicare levy surcharge, HECS/HELP payments, nor other items that may apply to any specific situation.
5. Employees are encouraged to seek independent financial advice before making a decision with respect to salary packaging.
6. In the example PAYG tax rates effective 1 July 2010 have been used, and Fees and Charges are excluded.
7. Tax, benefit and Medicare levy calculations are approximate, and assume no other taxable income is received. HECS/HELP repayments and taxation surcharges are excluded.
8. Remuneration Services (Qld) Pty Limited 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.