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Package Calculator

How does salary packaging benefit me?

The example below highlights the benefits of packaging a motor vehicle against providing a vehicle in after-tax dollars.

  No Benefits Non Packaged Benefits Packaged Benefits
Gross Salary $68,000.00 $68,000.00 $68,000.00
SGC $6,120.00 $6,120.00 $5,162.69
Employer Super $0.00 $0.00 $957.31
Total Employment Cost $74,120.00 $74,120.00 $74,120.00
Packaged Superannuation $0.00 $0.00 $0.00
Packaged Vehicle $0.00 $0.00 $11,399.97
Fringe Benefits Tax $0.00 $0.00 $0.00
Pretax Salary $68,000.00 $68,000.00 $56,600.03
Income Tax $17,880.00 $17,880.00 $13,689.01
After Tax Expenses $0.00 $15,569.44 $3,029.41
Disposable Income $50,120.00 $34,550.56 $39,881.61
Total Packaging Benefit     $5,331.05
Cost Per Week for Benefits $0.00 $299.41 $196.89