Things you need to know

Novated Leasing

$7900

We have made assumptions in our calculations of savings. Call us for a Quick Quote to see how a novated lease could work for you. Eligibility criteria and terms & conditions apply. Please refer to you Employer Information Guide.

Salary Packaging

$9095
Public hospitals have a capping threshold (being a grossed up taxable value of $17,000) placed on the amount of fringe benefits they may provide to employees each FBT year without FBT applying. The maximum amount of $9,095 has been determined using a gross up rate of 1.8692 and assumes that the payments are not subject to GST. Where the payments are subject to GST this amount will be reduced to $8,233 and the gross up rate of 2.0647 should be used to determine the grossed up taxable value of the benefits provided.

$16,050
Public benevolent institutions and charities have a capping threshold (being a grossed up taxable value of $30,000) placed on the amount of fringe benefits they may provide to employees each FBT year without FBT applying. The maximum amount of $16,050 has been determined using a gross up rate of 1.8692 and assumes that the payments are not subject to GST. Where the payments are subject to GST this amount will be reduced to $14,530 and the gross up rate of 2.0647 should be used to determine the grossed up taxable value of the benefits provided.

The supply of salary packaging services is subject to Maxxia Pty Ltd. terms and conditions (available from www.maxxia.com.au or by calling us on 1300 123 123), finance approval and conditions and the terms of your employer’s Salary Packaging Policy. Fees and charges apply.

Financial, taxation or financial product advice
The information provided in this document is factual information only and has been prepared without consideration of your personal circumstances. Maxxia Pty Ltd. does not provide you with any form of financial, taxation or financial product advice on the relative merits of salary packaging programs or on any other basis. You should seek your own independent professional advice before making a decision with respect to salary packaging or novated leasing. Maxxia Pty Ltd. may receive commissions or rebates in connection with some services it provides or arranges to be provided by third parties.