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Salary Package things to watch for??

Salary Package things to watch for??

Old Jun 14th 2010, 10:55 am
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Default 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
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Old Jun 14th 2010, 10:56 am
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Default Re: Salary Package things to watch for??

Please move posted in wrong section thanks
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Old Jun 14th 2010, 11:06 am
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Default 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.
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Old Jun 14th 2010, 11:13 am
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Default Re: Salary Package things to watch for??

Originally Posted by Deutschmaster
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).
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Old Jun 14th 2010, 11:14 am
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Default Re: Salary Package things to watch for??

Originally Posted by commonwealth
one thing to consider as well is whether the salary is inclusive or exclusive of the 9% superannuation (pension).
Is it always 9%?
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Old Jun 14th 2010, 11:24 am
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Default Re: Salary Package things to watch for??

Originally Posted by commonwealth
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....
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Old Jun 14th 2010, 11:25 am
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Default Re: Salary Package things to watch for??

Originally Posted by Bermudashorts
Is it always 9%?
It's a minimum of 9%. Some employers offer more than this amount,
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Old Jun 14th 2010, 11:29 am
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Default Re: Salary Package things to watch for??

Originally Posted by commonwealth
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
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Old Jun 14th 2010, 11:29 am
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Default Re: Salary Package things to watch for??

I mean salary package!!
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Old Jun 14th 2010, 11:46 am
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Default Re: Salary Package things to watch for??

Originally Posted by Deutschmaster
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.
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Old Jun 14th 2010, 11:47 am
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Default Re: Salary Package things to watch for??

Originally Posted by Deutschmaster
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
Danke, who wants a huge 'package'?
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Old Jun 14th 2010, 1:46 pm
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Default Re: Salary Package things to watch for??

Originally Posted by oxford_lad
Please move posted in wrong section thanks
Sorted
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Old Jun 14th 2010, 2:30 pm
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Default 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
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Old Jun 14th 2010, 2:39 pm
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Default 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
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Old Jun 14th 2010, 5:18 pm
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Default Re: Salary Package things to watch for??

Originally Posted by oxford_lad
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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