The 3 examples below highlight the benefits of packaging a motor vehicle at varying salary ranges and vehicle costs.
Example 1: I wish to package a medium size vehicle over 3 years. I will drive 25,000 km pa.
My Salary is $90,000. Cost of vehicle is $25,000
| |
Non – Packaged Benefits pa |
Boost Salary Packaging Benefits pa |
| Total Gross Salary |
$90,000.00 |
$90,000 |
| Vehicle Lease Package |
$0 |
$11,373.22 |
| Gross Salary |
$90,000.00 |
$78,626.78 |
| Tax on Gross Salary |
$23,000.00 |
$18,617.19 |
| After Tax Contribution |
$14,860.54 |
$2,750.00 |
| Annual Net Salary |
$52,139.46 |
$57,259 |
| Monthly Nett Salary |
$4,344.96 |
$4,771.63 |
Example 2: I wish to package a medium size vehicle over 3 years. I will drive 25,000 km pa.
My Salary is $110,000. Cost of vehicle is $35,000
| |
Non – Packaged Benefits pa |
Boost Salary Packaging Benefits pa |
| Total Gross Salary |
$110,000.00 |
$110,000 |
| Vehicle Lease Package |
$0 |
$12,945.58 |
| Gross Salary |
$110,000.00 |
$97,054.42 |
| Tax on Gross Salary |
$30,900.00 |
$25,786.33 |
| After Tax Contribution |
$17,690.14 |
$3,850.00 |
| Annual Net Salary |
$61,409.86 |
$67,418.09 |
| Monthly Nett Salary |
$5,117.49 |
$5,618.17 |
Example 3: I wish to package a medium size vehicle over 3 years. I will drive 25,000 km pa.
My Salary is $125,000. Cost of vehicle is $50,000
| |
Non – Packaged Benefits pa |
Boost Salary Packaging Benefits pa |
| Total Gross Salary |
$125,000 |
$125,000 |
| Vehicle Lease Package |
$0 |
$15,304.14 |
| Gross Salary |
$125,000 |
$109,695.86 |
| Tax on Gross Salary |
$36,825.00 |
30,779.52 |
| After Tax Contribution |
$21,934.55 |
$5,500.00 |
| Annual Net Salary |
$66,240.45 |
$73,416.34 |
| Monthly Nett Salary |
$5,520.04 |
$6,118.03 |
Please call Boost on (02) 8875 7955 if you would like us to work out your personal calculation |