| Your Industry | |
| Your Salary | |
| Salary Packaging Amount | |
| Meal Entertainment Amount | |
| Student Debt |
| Without Salary Packaging |
With Salary Packaging |
|
| Salary before tax | ||
| Packaging | ||
| Taxable income | ||
| PAYG tax | ||
| Student debt | ||
| Salary after tax | ||
| Net disposable income |
| Potential annual saving | |
| Equivalent salary | |
| Increase to take home pay |
If you choose to start salary packaging with CBB, you need to ask your payroll team to deduct your HECS/HELP debt repayment of
Please note that we have based this estimate on the information you provided, we can talk to you about this more at your sign-up appointment.
You’ve told us you work in the sector and have a salary of . You also have a salary packaging amount of and a meal entertainment amount of , bringing your total packaged expenses to for the year. You've also indicated that you have student debt (HECS-HELP).
Because you have a HECS-HELP debt, packaging in expenses reduces your taxable income and lowers your HECS repayment. This leaves you with an estimated more in disposable income.
By paying these costs before tax, you reduce the PAYG tax you owe and keep more money overall. Without salary packaging, you’d pay the from your after-tax salary, leaving you with less to spend.
A novated lease lets you upgrade to a new or ex-demo car while saving on tax and running costs—combining pre-tax income with competitive pricing for a smart, stress-free way to drive the car you want.
