Our tax calculators provide an estimate of how much income tax you will save as a result of salary packaging. The calculator is a guide only for general public use.
If you have a HELP debt, use the calculator to estimate amount of income tax Payroll should be deducting from your pay. Contact your Client Manager for assistance.
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If you need further assistance, contact us at email@example.com or phone (03) 9822 3455.
Our Salary Packaging Calculator provides an estimate of how much income tax you will save as a result of salary packaging. The calculator is a guide only for public use.
Advantage clients should contact us for a more detailed calculation. Tell us your name, employer and annual gross salary (eg. $40,000).Contact us.
Generally speaking, the more you salary package, the more income tax you save. You could increase your tax savings by salary packaging:
Higher Education Loan Program (HELP) payments are calculated on your 'adjusted taxable income'. That is, your taxable income (salary) plus the 'grossed-up value' of your salary packaging. Salary packaging means your HELP payments will increase slightly, but your take-home pay should increase even more due to the larger reduction in income tax. We recommend you consider salary packaging.
Use the calculator below to obtain an estimate of your likely HELP payments. This is a guide only. Advantage clients should contact us for a more detailed calculation.
If the tax amount calculated is more than the tax amount Payroll currently deducts from your pay, please let Payroll know. They may need to increase the HELP/income tax deducted from your pay.
Please contact us for more involved calculations relating to:
For a novated car lease quote, visit www.smartleasing.com.au or call 1300 730 366.