SALARY PACKAGING FOR PUBLIC BENEVOLENT INSTITUTIONS (PBI'S) AND HEALTH PROMOTION CHARITIES     Motor Vehicle (Using FBT Statutory Method)    
  BASED ON 30 JUNE 2010 TAX RATES ****        
      Before Packaging After Packaging        
          GST Inclusive Cost of Car    
    Base Salary         Budget Annual Kilometres    
    Employee HECS / HELP Debt         Statutory Rate    
    Less: Salary Packaged Expenses                
    CSP General Expense Card $0.00         Motor Vehicle Fringe Benefit Amount    
    Mortgage / Loan Payments $0.00         After Tax Employee Contribution to car costs*    
    Rent Payments $0.00         Motor Vehicle Taxable Value    
    Community Salary Packaging Meal Card $0.00         *This should not be more than the Motor Vehicle Fringe Benefit Amount displayed immediately above    
    Additional Superannuation Contributions $0.00              
    Fringe Benefits Tax (FBT) $0.00         Vehicle Expenses      
    Before Tax Motor Vehicle Expenses (+ GST on Employee Contribution)         Annual Lease Payments    
                Registration / Insurance    
    Taxable Salary         Maintenance / Repairs    
              Annual Fuel Amount    
    *Income Tax              
              Total Vehicle Running Costs    
    HECS / HELP (withheld by Payroll)          
    After Tax Employe Motor Vehicle Contribution $0.00       Amount of PBI Cap Remaining (after car)    
                     
    Take Home Cash Salary      
               
    HECS / HELP (Payable in Tax Return) $0.00              
           
    Net Cash Salary              
               
    Benefits Payable After Tax   $0.00        
               
    Disposable Cash Remaining      
               
    After Tax Total Benefits Received          
           
    **Salary Packaging Saving      
           
    ***Equivalent Gross Salary required to be earned to provide a net salary of is    
             
    Reportable Fringe Benefit      
           
    HECS / HELP Liability Remaining      
           
    Additional Reduction of HECS Debt as a result of Salary Packaging      
           
    Grossed Up Income for Medicare Levy Surcharge, HECS / HELP Repayments, Superannuation Co-contribution etc.      
 
         
    *Tax calculations do not take into account medicare levy surcharge and some tax offsets and rebates              
    **This calculator provides an estimate of tax savings for employees who work for PBI's or Health Promotion Charities who salary package base on 09/10 Tax Rates    
    ***Equivalent Gross Salary Calculation can be effected by HELP / HECS debt values      
    ****This calculator does not constitute financial advice and individuals should obtain appropriate independant financial advice prior to entering into any salary packaging arrangement