Archive for September, 2007
Salary packaging with a HELP debt and/or no private health
Saturday, September 22nd, 2007Salary packaging is where your employer pays for some items—a car, a computer, even in some cases your mortgage repayments—out of your pre-taxed earnings.
Let’s look at an example. Tax rates are based on the 2007 tax year. They will change next year.
Suppose your annual salary is $44,000. On $44,000 you pay tax of $8,550, plus the […]