Salary sacrifice super nsw health. 4% employer contribution to superannuation specific salary bands to recognise the skills of public Salary packaging restructures the way in which you receive income, which may maximise disposable income. Pay Current rates of pay Salary packaging is available through accredited providers LeasePLUS, MAXXIA and Smartsalary . 3. This effectively reduces your Learn how to correctly declare salary sacrifice arrangements with your employees in your payroll tax returns for NSW, including common errors to look out for. Incorrectly apportioning superannuation between states/territories. Salary packaging is an ATO approved method of using concessions available to your employer to reduce the tax you pay. The Premier's Department issued Circular 98-70 "Salary Sacrifice for Superannuation" which advised that the NSW Government had now approved of optional salary sacrifice for superannuation for all non-SES staff throughout the NSW public sector subject to agreement between the employee and the employee’s Department or agency. These salary sacrifice calculators can help you to compare the difference between making contributions into your scheme via after-tax contributions, before-tax contributions or a combination of both. Such election must be made prior to the commencement of the Accordingly Public Health Organisations are required to familiarise themselves with the requirements of Taxation Ruling TR 2001/10 and more especially the Department’s requirements on salary sacrifice to superannuation as contained in the document “Employer Guidelines for Salary Packaging of Superannuation” attached to Guideline GL2005_058. Super contributions that relate to those payments are exempt. However, we pay an employer share (which is roughly 19% of the gross lump sum), does anyone know if the remaining 81% is subject to further 15%tax as per the usual super? Just wondering if it’s worth while still to salary sacrifice to super as it is equivalent to a 31% tax. Smartsalary is the department's salary packaging provider. Omitting superannuation of apprentices and new entrant trainees when claiming the payroll tax rebate. The program is managed by SalaryPackagingPLUS, the provider specifically chosen for NSW Health employees. Salary packaging can offer you greater flexibility to match your individual lifestyle and lifecycle choices. Simply select your employment industry below. We outline all employment conditions in our Enterprise Agreement. This means the amount a member contributes needs to be If you don't want to specify your employer's name, you can still use the calculator to view potential benefits and calculate your savings. Salaries and super At Health we offer: competitive salaries a 15. Thoughts 3. Make extra super contributions Salary sacrificing additional superannuation contributions could give you income tax savings while helping you build wealth for the future. Salary packaging is a simple way for eligible NSW Health employees to increase their take home pay by reducing their taxable income. These contributions are treated as employer contributions and attract the Commonwealth Government's 15% contributions tax on entry to the scheme. . Long term, regular casual employees who have a reasonable expectation of continuing employment are able to salary sacrifice into their superannuation fund in line with these guidelines. This means the amount you contribute needs to be increased Not including salary sacrifice superannuation. Including superannuation contributions made for exempt wages. You can find out more about what options are COVERAGE These guidelines apply to all permanent Australian based Ramsay Health Care (Ramsay) employees and are available immediately upon commencement. Jun 10, 2025 · Salaries and super Leave Healthy workplace Work-life balance Learning and development There are lots of advantages to working at Health, Disability and Ageing. Aug 2, 2023 · Benefits of salary sacrificing You and your employer can agree on a salary sacrifice arrangement (also known as salary packaging or total remuneration packaging) to exchange part of your salary or wages for benefits of a similar value. Benefits available include: Standard salary Salary packaging (also known as salary sacrifice) is an Australian Taxation Office (ATO) approved benefit that allows you to pay for certain items with your pre-tax salary. Salary Packaging As part of your employment with NSW Health, you can participate in a salary packaging program. You can use a salary sacrifice arrangement to have some of your salary or wages paid into your super fund instead of to you. Salary sacrifice to superannuation is an arrangement between an employee and an employer where the employee has superannuation contributions deducted from their salary before tax is deducted. Salary Sacrifice to Superannuation Notwithstanding the salaries prescribed in Clause 2, Salaries, as varied from time to time, an employee may elect, subject to the agreement of the employee’s employer, to sacrifice a part or all of the salary payable under the salaries clause to additional employer superannuation contributions. Eligible expenses are ‘packaged’ and paid to you as tax-free salary, reducing your tax bill and potentially increasing your take home pay by thousands each year. I work for NSW Health and we can salary package into super. Where an employee decides to participate in both salary sacrifice for superannuation and salary packaging, the amount of salary to be used for salary sacrifice for superannuation is deducted first from the employee’s pre-tax salary. Most department employees have access to some kind of salary packaging.
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