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Calculator assumptions

Important information about calculations

All calculations on this website are for illustrative purposes only and use PAYG tax rates effective 1 July 2017.  The average administration fee of $220.00 included in the calculation is indicative only, and may vary depending on your employer.  Please refer to your employer's salary packaging policy for more information.  A copy of the policy may be obtained from your employer or by contacting RemServ on TBA

Tax, benefit and Medicare levy calculations are approximate, and assumes no other taxable income is received. HECS/HELP repayments and taxation surcharges are excluded.

Public and private not-for-profit 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 $8,231 and the gross up rate of 2.0802 should be used to determine the grossed up taxable value of the benefits provided.

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 $14,525 and the gross up rate of 2.0802 should be used to determine the grossed up taxable value of the benefits provided.

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