son of baglimit said:yes - $40k income, $10k fbt
Judd said:In addition:
If you salary sacrifice, unless the terms of your employer contract are very, very clear, it may mean that your employer effectively puts in nothing and you pay the 9%. Salary sacrifice is to considered to be an employer contribution so if you are on say $100k and you decide to sacrifice $50k, then the employer is not going to put in any more. Even if you put in $41k expecting that the employer will pay another $9k, (9% of $100k) that may not be true as your employment contract may stipulate that the 9% is based on your taxable pay, ie $59,000, which means only $5,310 goes in.
Make sure you check everything, and I mean everything, out thoroughly.
Bomba im not sure that this is entirely correct. If your on 100k a year and you salary sacrifice 10k your employer effectively has no obligation as the 9% has been met.
reece55 said:Garpal
If you are referring to the FBT exemptions for PBI's (public benevolent institutions) and hospitals, etc. , then I believe that you would be able to have 2 limits here. The FBT legislation places this onus on the employer, so if you were working with 2 employers who were entitled to the exemption, you should be entitled to 2 FBT free limits, so to speak. This is my understanding, but it would probably require a bit more research.....
have a look here if interested!
http://www.austlii.edu.au/au/legis/cth/consol_act/fbtaa1986312/
Cheers
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