You may want to get professional tax advice to see if salary packaging is right for you. Watch this short video to find out more. Please specify employer. Payroll tax is payable on $55,000: $50,000 reduced salary; plus She works for a charity, and her employer allows her to salary package these everyday items up to a cap of $15,900 per Fringe Benefit Tax year. As Queensland Health employees Metro North staff receive competitive salaries. Salary packaging You can deduct some of your pre-tax salary and use it to pay for benefits such as rent or mortgage repayments, insurances, motor vehicle operating expenses, travel expenses and more. QSuper is the superannuation fund for employees of Queensland Government departments, authorities and enterprises. A range of wage rates and benefits are applicable for non-clinical staff within Queensland Health. The fee is to be indexed at 5% per annum or Our Customer Service Centre is open Monday to Friday 8:00am to 8pm (AEST). Salary packaging (also known as 'salary sacrifice') is an ATO-permitted employee benefit that lets you pay for a range of expenses from your salary before tax is deducted, allowing you to potentially reduce your taxable income and boost your take-home pay. 3. Queensland Health offers attractive remuneration packages for staff with access to salary packaging benefits. Arrangements for salary packaging from 1 July 2010 (Circular 01/10) Status: Superseded Effective: 16 August 2010-1 January 2031 Responsible agency: Queensland Treasury Summary. (e.g. By salary packaging up to the full $15,900 permitted, she could be up to $5,206 better off each FBT year. Through salary packaging you can use up to $9,009 of your pre-tax income each year towards an approved personal expenses. Where payments are subject to GST, this amount will be reduced to $8,172 or $14,421 respectively. Arrangements for salary packaging from 15 March 2018 (Circular 01/18) Status: Superseded Effective: 15 March 2018-1 April 2022 Supersedes: 01/16 Superseded by: C2 - 22 Responsible agency: Education Summary Download the circular. You get a tax saving because your pre-tax salary is packaged in exchange Salary packaging is only available to eligible employees of the Queensland Government as per the Standing Offer Arrangement QGP0065-21. Phone 1300 218 598. Examples of capped benefits include: General living expenses. for Queensland Health Employees Salary Packaging Information Booklet Version: February 2021 Page 3 of 21 1. Karen earns $60,000 per year. Enjoy the lifestyle that Central Queensland offers with flexible rosters, time off in lieu and generous leave allowances. Your gross annual salary. Typically, Queensland Government employees have their standard superannuation contribution set at 5% of their salary, which enables an employer contribution of up to 12.75%. Salary Packaging provides you with a way to use pre-tax funds to pay for certain items if you are eligible. Salary Packaging Remuneration Services (Qld) Pty Ltd | C1-11 . The RemServ contact centre can assist with general information regarding salary packaging. These tax exemptions can significantly boost your disposable income. If you dont specify your employer, you can still use the calculator to give you general estimate of your salary packaging savings. Salary packaging is an arrangement whereby future cash salary and wages are remodelled with the approval of the employer into a combination of cash and non-cash benefits to suit the employee's individual needs. Level 5, 192 Ann Street Brisbane QLD 4000. Rebatable Employer $30,000 Cap. Arrangements for salary packaging from 1 April 2011 Uncontrolled when printed Page 1 of 9 Title. FBT exemption cap means a capped FBT exemption which allows for concessional FBT treatment under the respective provisions of the Fringe Benefits Tax Assessment Act 1986 and includes Skip to main content Secondary navigation. Salary packaging can be a tax effective way of receiving your salary as a combination of income and benefits. Assumptions: potential benefit of salary packaging living expenses based on an eligible employee salary packaging the full cap limit of $9,010. FBT rates effective 1 April 2020 and PAYG tax rates effective 1 July 2019 have been used. Queensland Health health Queensland Rescue qldrescue Queensland Police Service qld police Where can I go for extra information? Diverse work culture. What we offer. In return, they are afforded exemptions that allow them to salary package up to $9,010 in living-expense items that attract Fringe Benefits Tax (FBT) items that many other Salary Packaging Agreement & Application Form. Salary packaging is also available for Study and research This can be salary packaged in subsequent years. Salary packaging is a simple way for eligible NSW Health employees to increase their take home pay by reducing their taxable income and therefore the amount of tax they pay. $50000. Enjoy the benefits of paying less tax and accessing more of your income to so you have the money to do the things you really love. Salary packaging. If you are interested in salary packaging, talk to your employer or ask your HR team to contact us on 1300 476 278. Employees can pay for eligible expenses from pre-tax income, saving on income tax Brisbane QLD 4001. If you work for a public benevolent organisation you may be eligible for this benefit (eg. It Salary packaging is a tax effective way of receiving your salary as a combination of income and benefits. Contact Smartsalary. Queensland Treasury Summary. Salary packages. Employees in Public health receive great salary packaging benefits which include the ability to reduce their taxable income by $9,010 per FBT year by spending it on general benefits. Remuneration Services (Qld) Pty Ltd | ABN 46 093 173 089 (RemServ) Remuneration Services (QLD) Pty Ltd (ABN 46 093 173 089) (RemServ) act as an authorised representative on behalf of a number of Australian financial services licensees. A quick salary packaging example. UQ uses the Queensland Government salary packaging scheme through 2 salary packaging providers: RemServ (Remuneration Services Qld Pty Ltd) Smartsalary Pty Limited. Now we need a little more detailed information about you. Participation in salary packaging is voluntary. salary packaging; income protection insurance; superannuation including employer contribution up to 12.75 per cent (compares favourably to the standard 9.75% employer contributions paid by most private employers). He enters into a salary sacrifice arrangement to make an annual $5,000 pre-tax contribution into his superannuation fund. The ability to reduce tax payable by paying for certain expenses in pre-tax dollars may improve cash flow. Arrangements for salary packaging from 15 March 2018 (Circular 01/18) (PDF File, 1.1 MB) Tel:1300 218 598 Fax:1300 708 144. Aboriginal and Torres Strait Islander Health Workforce Stream. 2. Calculate how much you could save by salary packaging with RemServ. The implications of salary packaging for you (including tax savings and impacts on benefits, surcharges, levies and/or other entitlements) will depend on your individual circumstances. Queensland Health uses RemServ and SmartSalary to manage employees' salary packaging arrangements. Salary packaging is an Australian Taxation Office approved way of restructuring your salary to use pre-tax income to buy a range of everyday items. Simply click here. Personal loan repayments. About this booklet Disclaimer This booklet provides information on salary packaging administration services. Currently, eligible employees can salary package a range of benefits up to either $9,010 or $15,900 each FBT year. Smartsalary Pty LtdACN 096 796 100 GPO Box 4244, Sydney NSW 2001. Building and Engineering Stream. When you salary package for an entire Fringe Benefits Tax (FBT) year (1 April to 31 March) the maximum you can salary package is either $611.54 per fortnight or $305.77 per week. DISCLAIMER: Salary packaging is only available to eligible employees of the Queensland Government as per the Standing Offer Arrangement QGP0065-21. Salary packaging or sacrificing allows you to deduct some of your pre-tax salary and use it to pay for benefits such as rent or mortgage repayments, Health; Housing and Public Works; Innovation, Tourism Industry Development and the Commonwealth Eligible health industry workers could package up to $9,010 in capped benefits each year, and charity employees, up to $15,900. Its offered by many Australian companies as a workplace benefit. Salary packaging or salary sacrificing is an arrangement between an employer (Queensland Health) and an employee, where the employer provides the employee with benefits in return for an agreed salary adjustment. To find out more and apply for benefits, enter the name of your employer. As new administration fees may apply to your salary package account, please contact your SPA Supplier for further details. Mortgage or rent payments. By salary packaging up to your maximum entitlement ($9,010 in living expenses plus $2,650 in meal entertainment/venue hire), your taxable income could be reduced by more than $3,800. You can still use our handy salary packaging calculator to see how much you could save. QLD Health hospital, Mater, Wesley) you are given a grossed up exemption of approximately $17,000 from this tax. These numbers differ for Queensland Police staff; refer to the Superannuation Information Booklet for more information. By reducing your pre-tax income you can reduce the amount of income tax you pay and increase the amount you take home each fortnight. The implications of salary packaging for you (including tax savings and impacts on benefits, surcharges, levies and/or other entitlements) will depend on your individual circumstances. Further to this, employees are also able to package Meal & Entertainment on top of this amount utilising an additional $2,549. Administrative Stream. Salary packaging is a tax effective way of receiving your salary as a combination of income and benefits. As a Queensland Government employee, you are eligible to take advantage of salary packaging and you could save on tax, lower your taxable income and increase your take-home pay! The applicable amount assumes that the payments are not subject to GST. Opportunities for people from diverse backgrounds. Options available for salary packaging: Australias health workers doctors, nurses, midwives and hospital and ambulance staff put in long hours each day, providing a critical service to the community. Smartsalary Pty Ltd. Queensland Health uses RemServ and SmartSalary to manage employees' salary packaging arrangements. March 2011 Circular No. Salary Packaging is a simple way of using your pre-tax salary to pay for certain expenses before your income is taxed. Our employee superannuation contribution is also up to a generous 12.75 per cent. Queensland Health wage rates. Arrangements for salary packaging from 1 April 2011 Date. About us. Compulsory closure arrangements for the Christmas and New Year period are based on Contact Us. It has been written specifically for you as an employee of Queensland Health. For employees, salary packaging (or salary sacrifice) is a great way to stretch hard earned dollars further. Community and sustainability. Your salary packaging deductions. Fringe benefits Claims; Calculators; My account. You may want to get professional tax advice to see if salary packaging is right for you. Employees in Public health receive great salary packaging benefits which include the ability to reduce their taxable income by $9,010 per FBT year by spending it on general benefits. Further to this, employees are also able to package Meal & Entertainment on top of this amount utilising an additional $2,549. To find out more about your salary packaging options contact either RemServ on 1300 304 010 or SmartSalary on 1300 218 598. By reducing your pre-tax income you can reduce the amoun tof tax you pay and increase the amount you take home each pay. To find out more about salary packaging, click here. Competitive salary. Johns salary is reduced to $50,000 and his employer makes a pre-tax super contribution of $5,000. UnitingCares employee benefits range from salary packaging to financial and retail discounts, flexible lifestyle options, and assistance and support for your health and wellbeing. Your Employer. DISCLAIMER: Salary packaging is only available to eligible employees of the Queensland Government as per the Standing Offer Arrangement QGP0065-21. $. The implications of salary packaging for you (including tax savings and impacts on benefits, surcharges, levies and/or other entitlements) will depend on your individual circumstances. When you apply to RemServ to begin salary packaging you should include payment of the annual fee of $249.08 (GST inclusive). Salary packaging is only available to eligible employees of the Queensland Government as per the Standing Offer Arrangement QGP0065-21. But because you're taking that money out of your before-tax pay, you don't then pay your normal tax rate as well. You should obtain quotes from both salary packaging providers before agreeing to participate in a salary packaging arrangement. Fringe benefits Johns salary is $55,000 per annum. Page 17 of 18. What is Salary Packaging? Salary Packaging Agreement & Application Form. 1. Salary packaging. This cost is inclusive of all bank fees and charges. Smartsalary Pty Ltd ACN 096 796 100 GPO Box 4244, Sydney NSW 2001 Tel: 1300 218 598 Email: qld@smartsalary.com.au. Main navigation. Novated Lease; Salary Packaging. Salary packaging allows you to deduct some of your pre-tax income and use it to pay for benefits. The implications of salary packaging for you (including tax savings and impacts on benefits, surcharges, levies and/or other entitlements) will depend on your How does salary packaging work? To find out more about your salary packaging options contact either RemServ on 1300 304 010 or SmartSalary on 1300 218 598. 10 October 2021. Email:qld@smartsalary.com.au. The Queensland Government approved the introduction of salary packaging in the Queensland public sector on 28 October 1999, and implementation arrangements on 24 Yes, you do pay 15% tax on money that you salary sacrifice into your super (or 30% if you earn more than $250,000). How Does Salary Packaging Work? Salary packaging is an employer-employee arrangement that helps thousands of Australians across a range of industries make the most of their salaries. What is salary packaging? This service operates from 8:00am to 6:00pm (Qld time) Monday to Friday. FBT exemption cap means a capped FBT exemption which allows for concessional FBT treatment under the respective provisions of the Fringe Benefits Tax Assessment Act 1986 and Your Details. The Salary Packaging Administration Services Suppliers (SPA Suppliers) are: Remuneration Services (Qld) Pty Ltd (RemServ) Phone 1300 304 010. What does it cost? Salary packaging eligibility. Salary packaging eligibility All full-time and part-time employees are eligible to salary package. You can package up to 100% of your salary.