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-   -   Salary Package things to watch for?? (https://britishexpats.com/forum/australia-54/salary-package-things-watch-672380/)

oxford_lad Jun 14th 2010 10:55 am

Salary Package things to watch for??
 
After my second telephone interview I have basically been offered a job in Sydney, I am waiting for them to email me through a draft of a contract and salary package...

Could anyone please advise of things to watch out for in salary packages are there any hidden extras which will need to be taken into account??

Thanks

oxford_lad Jun 14th 2010 10:56 am

Re: Salary Package things to watch for??
 
Please move posted in wrong section thanks

Deutschmaster Jun 14th 2010 11:06 am

Re: Salary Package things to watch for??
 
The things I can salary package are crap. Such as a new car which costs too much, a top of the range mobile phone which costs loads etc.

Some people here have salary packaged utility bills. Now that would be useful.

Check with your employer whether they would charge you an administration fee.

commonwealth Jun 14th 2010 11:13 am

Re: Salary Package things to watch for??
 

Originally Posted by Deutschmaster (Post 8631830)
The things I can salary package are crap. Such as a new car which costs too much, a top of the range mobile phone which costs loads etc.

Some people here have salary packaged utility bills. Now that would be useful.

Check with your employer whether they would charge you an administration fee.

one thing to consider as well is whether the salary is inclusive or exclusive of the 9% superannuation (pension).

Bermudashorts Jun 14th 2010 11:14 am

Re: Salary Package things to watch for??
 

Originally Posted by commonwealth (Post 8631840)
one thing to consider as well is whether the salary is inclusive or exclusive of the 9% superannuation (pension).

Is it always 9%?

oxford_lad Jun 14th 2010 11:24 am

Re: Salary Package things to watch for??
 

Originally Posted by commonwealth (Post 8631840)
one thing to consider as well is whether the salary is inclusive or exclusive of the 9% superannuation (pension).

I believe this is included in the package from the phone conversation, however he was asking regarding which visa I was coming over on as this could affect tax or what I could be intitled too....:confused:

Deutschmaster Jun 14th 2010 11:25 am

Re: Salary Package things to watch for??
 

Originally Posted by Bermudashorts (Post 8631842)
Is it always 9%?

It's a minimum of 9%. Some employers offer more than this amount,

Deutschmaster Jun 14th 2010 11:29 am

Re: Salary Package things to watch for??
 

Originally Posted by commonwealth (Post 8631840)
one thing to consider as well is whether the salary is inclusive or exclusive of the 9% superannuation (pension).

Hang on - do you mean a salary package or salary packaging - they mean two different things,

Salary packaging is what people in public employment can do where they can avoid paying tax on certain items to make their salary more attractive.

A salary package is usually the base salary including super. Some jobs advertise the basic salary then plus super on top.

Doh:p

oxford_lad Jun 14th 2010 11:29 am

Re: Salary Package things to watch for??
 
I mean salary package!! :D

commonwealth Jun 14th 2010 11:46 am

Re: Salary Package things to watch for??
 

Originally Posted by Deutschmaster (Post 8631858)
It's a minimum of 9%. Some employers offer more than this amount,

Yes, I know some employers offer 14% super. 9% is the minimum required by law, and is the most common.

commonwealth Jun 14th 2010 11:47 am

Re: Salary Package things to watch for??
 

Originally Posted by Deutschmaster (Post 8631866)
Hang on - do you mean a salary package or salary packaging - they mean two different things,

Salary packaging is what people in public employment can do where they can avoid paying tax on certain items to make their salary more attractive.

A salary package is usually the base salary including super. Some jobs advertise the basic salary then plus super on top.

Doh:p

:sneaky:Danke, who wants a huge 'package'?:eek:

Pollyana Jun 14th 2010 1:46 pm

Re: Salary Package things to watch for??
 

Originally Posted by oxford_lad (Post 8631815)
Please move posted in wrong section thanks

Sorted :)

asher Jun 14th 2010 2:30 pm

Re: Salary Package things to watch for??
 
if you are on a 457 you need to ask about living away from home allowance how much it will be and if it is already included in the salary xx

oxford_lad Jun 14th 2010 2:39 pm

Re: Salary Package things to watch for??
 
I will be working on either a 309 or 100 visa so don't know wether i'd get LAFHA

newjersey Jun 14th 2010 5:18 pm

Re: Salary Package things to watch for??
 

Originally Posted by oxford_lad (Post 8632292)
I will be working on either a 309 or 100 visa so don't know wether i'd get LAFHA

There is a site lafha.com.au. You can fill out a form to see if you are eligible.


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