What’s holding you back from increasing your net income?
That’s right, you can actually increase your take home pay with salary packaging and at SDP we are currently offering salary packaging at fees from 1%.
What’s Salary Packaging?
Salary Packaging is an Australian Tax Office (ATO) approved way of reducing the amount of income tax you pay by paying for items such as business expenses as a pre-tax salary payment.
How Salary Packaging works? |
What can be packaged? |
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| Salary Packaging with SDP allows you to spend some of your hard earned income before you get taxed, meaning that you pay less tax and more take home pay – simple! |
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Salary Packaging can easily be integrated into your existing package with SDP, no hassle whatsoever and from only 1% you will be wondering why you haven’t signed up already. If your not currently with SDP but are still interested get in contact with us here and we would be happy discuss options available to you.
The proof is in the figures…
Check out this working example to compare how SDPs Salary Packaging can increase your net income.
Want to see your potential savings… simply use our salary calculator alternatively please contact us here or call 1300 409 070 to find out how you can increase your income today.
| Description | With Salary Packaging | Without Salary Packaging |
| Gross billing | $120,000.00 | $120,000.00 |
| Novated lease expenses claimed before tax | $3,060.00 | $0.00 |
| LAFHA | $21,120.00 | $0.00 |
| Professional expenses | $20,448.00 | $0.00 |
| Salary sacrifice super | $135.00 | $0.00 |
| Employer super | $7,904.37 | $10,160.18 |
| Taxable amount | $64,332.63 | $106,839.82 |
| Tax | $13,420.09 | $29,080.33 |
| Net take home inc packaged expenses | $95,540.54 | $77,759.49 |
| Total super | $8,039.37 | $10,160.18 |
| Annual savings after SDP fee | $15,660.23 | $0.00 |
*Please note Salary Packaging starts at a rate from 1% for existing contractors
