Use this form to close your current Income account and restart a new Income account with additional funds. If you want to start a new Income account (in addition to your existing Income account) use the Open an Income Account form instead. Salary sacrifice contributions are taxed at when they are received by your superannuation fund.
Because the extra payments are taken out of your salary before you’ve paid income tax, you only pay tax instead of your marginal tax rate (which could be as high as plus the Medicare Levy of ). Your Super form and give it to your payroll office. You can find the form on our website at qsuper. Queensland Government Salary Packaging Participation Agreement – Version A. Section E – Tax-free Cap Amount. Only the following employers can salary package the tax-free cap.
Please select which employer you work for: Queensland Ambulance Service. If you have made personal (after-tax) contributions to your super, use this form to claim a tax deduction, or vary the deduction you claimed in a previous notice. Open an Income account (373KB, pdf) Open a QSuper income account (includes Transition to Retirement). The salary packaging administrator is collecting your personal information on this form for the purpose of processing your salary packaging agreements. The Salary Packaging Bureau Service Provider is collecting your personal information on this form and relevant declaration (if required) for the purpose of processing your salary packaging agreements.
The amount to enter for your income should be the July superannuation salary reported by your employer at the start of the financial year. GST paid (Input Tax Credit) $3. With salary packaging , you can use funds from your pre-tax salary to make additional contributions to your superannuation. This not only reduces your taxable income, meaning you could save on tax, but could also boost your retirement nest egg.
The fees charged for administering the salary packaging payments made under the SOA will be deducted from the employee’s pre-tax salary packaged amount that has been transferred by the employer to the salary packaging administrator. On this basis the payment of these fees will not be subject to FBT. Salary packaging to other funds is not available. If already contributing from post tax dollars, you may convert your contributions to pre tax dollars. I authorise the following salary packaging arrangement to apply from the pay day specified and to continue until further notice.
Employees are strongly advised to seek independent financial advice prior to entering into a salary packaging arrangement. USQ is collecting the personal information on this form for university purposes of providing its tertiary education and related ancillary services and the associated functions including employment. In providing these services, USQ may transfer your personal information outside of Australia. If you already have a salary packaging account, you can to your account, then click on the ‘ Forms ’ link from the top menu, which will display a list of all of the forms that are available to you.
I found the salary sacrifice calculator on the QSuper website helpful to play around with contribution amounts and consider the impact on take home pay. As state you could make the contributions yourself and then claim the tax deduction at the end of the year. Pay less tax as you save for your future by salary packaging pre-tax additional contributions to your superannuation.
Superannuation Permanent and temporary employees. Required contributions to your QSuper Accumulation account are deducted beginning from your first pay. Consideration of the impact on superannuation and other benefits, such as salary packaging , is the responsibility of the staff member.
Staff should seek independent financial advice and may contact their superannuation fund prior to committing to a pre-retirement fixed-term appointment. Tips for setting up salary sacrifice for superannuation Super contribution limits. A salary sacrifice arrangement may affect your existing salary -based entitlements.
Rather, these persons should be employed on a package basis in. It’s offered by many Australian companies as a workplace benefit. RemServ Online gives you secure, online access to your RemServ account, where you can manage transactions, payments, requests, claims and account details.
Work Related Expenses There are lots of items you can package to help you save on work-related expenses such as trade subscriptions, membership fees and your uniform. This is an Australian Tax Office approved way to save on tax, lowering your taxable income and increasing your take-home pay.