Salary Sacrifice Calculator
Item
No Packaging
Salary Packaging
2008 - 2009 Taxable Income Brackets
Gross Salary
$77500
$77500
$0 - $6000
$0
Less: Before Tax Cost
$0
$3000
$6001 - $34000
15c in each dollar
Taxable Salary
$77500
$74500
$34001 - $80000
$4200 + 30c in each dollar
Less: Tax on Taxable Salary
$17249
$16349
$80001 - $180000
$18000 + 40c in each dollar
Less: After Tax Cost
$3000
$0
$180001 and up
$58000 + 45c in each dollar
Annual Net Salary
$57251
$58151
Net Sacrifice Benefit
$0
$900
The table above shows a breakdown of the potential benefits that apply to a salary sacrifice for the purposes of purchasing eligible items such as a notebook computer or associated business software (installed at the time of purchase only). Simply enter your gross (before tax) salary and the amount you wish to sacrifice (ie the notebook cost plus any extra items) then press the 'calculate' button and the table above will update to show you the benefits as they apply to the amounts entered.
Electronic diaries, PDA's and portable (battery operated) printers and scanners may also be sacrificed, however these items should first be checked for validity with regard to salary sacrifice with your employer and it is advised that all such endeavours be discussed with a financial adviser as well.
The PC Professional salary sacrifice calculator is to be used as a guide to the benefits of salary sacrificing only and does not represent to be a precise indication of the effects of salary sacrificing on any individuals' salary. The PC Professional is not responsible for any financial decisions made by any individual.
Electronic diaries, PDA's and portable (battery operated) printers and scanners may also be sacrificed, however these items should first be checked for validity with regard to salary sacrifice with your employer and it is advised that all such endeavours be discussed with a financial adviser as well.
The PC Professional salary sacrifice calculator is to be used as a guide to the benefits of salary sacrificing only and does not represent to be a precise indication of the effects of salary sacrificing on any individuals' salary. The PC Professional is not responsible for any financial decisions made by any individual.