Salary packaging information for financial advisors

An approved Salary Packaging Scheme for NSW Health employees commenced on 1 January 2002. The Scheme, which utilises the Public Benevolent Institution (PBI) tax status, enables employees to access approved fringe benefits as tax exempt up to a grossed-up value of $17,000.

The savings achieved by the employee through increased after tax income, together with the annual administration fee charged for administering the packaging arrangements are shared on a 50/50 basis between the employee and NSW Health.

Items that could affect a package are:

  • Medicare levy surcharge
  • deductions for personal superannuation contributions
  • rebate for personal superannuation contributions
  • rebate for contributions to spouse’s superannuation
  • superannuation surcharge
  • termination payments surcharge
  • HECS/HELP repayments
  • child support obligations
  • entitlement to certain income tested Government benefits

All of these items are assessable/taxable income plus grossed-up taxable value fringe benefit.

Employees who have private use of a NSW Health vehicle can also be affected by packaging. The reportable fringe benefit for the motor vehicle will be combined with the package.

Further information

Book an appointment or contact the SalaryPackagingPLUS team:

Back to the top of this page