View Here : Salary Sacrifice Car Calculator
Eziway administers from a sophisticated Pay Calculator all Group 1 and Group 2 benefits for full-time, part-time and casual staff. We have more than 20,000 salary packaging accounts under management and specialise in:
The Salary Calculator tells you monthly take-home, or annual earnings, considering UK Tax, National Insurance and Student Loan. The latest budget information from April 2019 is used to show you exactly what you need to know. Hourly rates, weekly pay and bonuses are also catered for. Why not find your dream salary, too?
Salary sacrifice super. Tax effective super contributions. Making voluntary super contributions is a great way to boost your retirement nest egg, and it could also reduce the amount of tax you pay.
Salary sacrifice is when you agree to exchange part of your salary so you can get extra benefits from your employer. Benefits offered can include child care vouchers, a company car and additional pension contributions.
Giving up part of your pay every month might sound like a strange idea, but it can make financial sense. Salary sacrifice enables you to exchange part of your salary for a non-cash benefit from your employer, such as increased pension contributions.
Calculating your company car tax. The amount of company car or Benefit in Kind (BiK) tax you pay depends on the value of the car, its CO2 emissions, your personal tax rate and whether you forgo cash for the car either under a salary sacrifice scheme or as a cash allowance.
Salary sacrifice and salary packaging. A salary sacrifice arrangement is also referred to as salary packaging or total remuneration packaging. It is a formal arrangement between an employer and an employee, where the employee agrees to receive a lower amount of pay each payday in return for the employer providing them with benefits of a similar value to the reduction in pay.
How to use the Two Salary Comparison Calculator. This calculator allows you to compare two salaries side-by-side. To get started, enter the first salary into the first field and the second into the second field.
Salary sacrifice. The salary sacrifice arrangements for your not-for-profit organisation are the same as for businesses. A salary sacrifice arrangement is also commonly referred to as salary packaging or total remuneration packaging.
Case study: Jacqui salary packages her car. Jacqui has been offered a new job with a salary of around $100,000 a year. As part of her contract negotiations Jacqui has asked to salary package a new car.