Salary Package things to watch for??
Jun 14th 2010, 8:16 pm
#16
BE Forum Addict
Joined: May 2004
Location: Umina, NSW
Posts: 2,453
Re: Salary Package things to watch for??
If the 9% is included in the package then you will need to deduct this to see what you actual salary will be. If a package says $50k + super (eg) then the 50k is your actual wage but you get another 9% paid into your super on top.
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Jun 15th 2010, 12:41 am
#18
Social Grenade Thrower
Joined: Jan 2008
Location: South Coast, NSW
Posts: 3,625
Re: Salary Package things to watch for??
Noooooooooo!!! Don't do it, you will get just as much, if not better info, off of the forums here and all that site is is a hook in for you to use their services which they charge for. Irrespective of Visa or status, when you are living away from your 'permanent' residence you are entitled to LAFHA, you could be an Ozzie living in Sydney, working on a project in Melbourne for 6 months and entitled to LAFHA, Yes there are certain criteria to be met but a simple question to the ATO will resolve any ambiguity.
Jun 15th 2010, 12:44 am
#19
Social Grenade Thrower
Joined: Jan 2008
Location: South Coast, NSW
Posts: 3,625
Re: Salary Package things to watch for??
Hmmmmm you might be right there, unless the spouse is 'de facto', i.e. not married but 'living with partner' and has their own property back in their Permanent residency country. My colleague came over with his girlfriend as her 'spouse' de facto and still qualified for LAFHA.
Jun 15th 2010, 12:45 am
#20
Social Grenade Thrower
Joined: Jan 2008
Location: South Coast, NSW
Posts: 3,625
Re: Salary Package things to watch for??
Agree, 50k + Super is different from 50k inc Super.
Jun 15th 2010, 1:07 am
#21
has lost The Game
Joined: Apr 2005
Location: Chippendale, Sydney
Posts: 8,735
Re: Salary Package things to watch for??
Given that the government is planning to raise super contributions from 9%, you will be better off arranging a package that is $50k + super than a package that is $50k including super.
In the latter example, it is largely anticipated that any increase in the super contributions will just be drawn from your take home pay by your employer, meaning an effective take home pay cut.
In the former, it would seem that your base salary would be preserved as a contractual agreement, and your employer would have to find the extra to cover your super contributions from elsewhere.
I wish that I had known this when I negotiated my salary, but I was fresh off the plane and didn't know any better...
S
Last edited by Swerv-o; Jun 15th 2010 at 2:30 am.
Jun 15th 2010, 2:29 am
#22
Social Grenade Thrower
Joined: Jan 2008
Location: South Coast, NSW
Posts: 3,625
Re: Salary Package things to watch for??
Given that the government is planning to raise super contributions from 9%, you will be better off arranging a package that is $50k + super than a package that is $50k including super.
In the former example, it is largely anticipated that any increase in the super contributions will just be drawn from your take home pay by your employer, meaning an effective take home pay cut.
In the latter, it would seem that your base salary would be preserved as a contractual agreement, and your employer would have to find the extra to cover your super contributions from elsewhere.
I wish that I had known this when I negotiated my salary, but I was fresh off the plane and didn't know any better...
S
In the former example, it is largely anticipated that any increase in the super contributions will just be drawn from your take home pay by your employer, meaning an effective take home pay cut.
In the latter, it would seem that your base salary would be preserved as a contractual agreement, and your employer would have to find the extra to cover your super contributions from elsewhere.
I wish that I had known this when I negotiated my salary, but I was fresh off the plane and didn't know any better...
S
Jun 15th 2010, 2:30 am
#23
has lost The Game
Joined: Apr 2005
Location: Chippendale, Sydney
Posts: 8,735
