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Key Federal Budget 2017 announcements that will impact Salary and Wage earners will include;
- First home buyers being able to access their super for a deposit
- The Medicare levy and
- Changes to the HELP repayment threshold
Here are some updates about these key points.
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Election news, election updates! Novated Leasing is here to stay regardless of who wins the election come Saturday, July 2, 2016.
The Coalition Government has again confirmed their positive stance with regard to Novated Leasing.
In a letter to the National Automotive Leasing & Salary Packaging Association (NALSPA) dated May 5,
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Save money! No effort required! Holiday! Trigger words! Yeah, I obviously studied Marketing.
Good news, this isn’t even a gimmick. I just like trigger words. Anyway, yeah, let’s discuss saving money and holidays.
Novated Lease unavailability is industry terminology describing the process whereby if your employee does not have use of their vehicle for a period of time,
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The main changes to Federal Budget 2016 that will impact Salary and Wage earners are the changes to Superannuation and Personal Taxation rates.
To keep you updated, please find the below proposals being reviewed:
Superannuation
- Extending the 30% tax on concessional contribution to those earning over $250,000 ($300,00 previously)
- Reducing annual cap of concessional superannuation contributions to $ 25,000 ($30,000 previously)
- Establishing a lifetime non-concessional contribution cap of $500,000
- Introducing a transfer balance cap of $1.6million on amounts moving into tax-free retirement phase,
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The following FAQ regarding the Meals & Entertainment and Venue & Accommodation Benefit Changes effective from 1 April 2016 was recently provided to your employees via email and within the December edition of the Remunerator Newsletter. Remunerator will continue to keep both employers and employees notified of potential impacts and relevant actions required between now and 1 April 2016.
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On the 12th of May 2015, the Federal Government announced their 2015/16 Federal Budget which included changes to the Meal Entertainment and Holiday Accommodation/Venue Hire benefits.
Employees of both Public Health and NFP sector employers will be affected, e.g, anyone who currently packages Meal Entertainment or Holiday Accommodation/Venue Hire benefits,
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We are looking to add to our Great Team in the areas of Customer Service and Sales Representatives in Melbourne.
If you have experience in either of these areas and are looking to join an Exciting Company then click here for more information and where to send your resume.
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Last month the Customer Service Institute of Australia hosted the 13th Annual Australian Service Excellence Awards to recognise and celebrate both the People and Organisations that have the highest level of commitment to delivering exemplary Customer Service.
Remunerator and our Team of Professionals have been consistently recognised for our efforts and this year was no different with two of our team members bestowed with the following individual awards:
- Andy Yeoh was awarded the Customer Service Leader of the Year – Victorian Winner
- Rachel Edmonds was awarded the Customer Service Executive of the Year – Victorian Winner
- Rachel Edmonds then went on to take out overall honours as –
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A Novated Lease Car presents many benefits to both the employer and the individual employee. But it would be irresponsible not to outline the risks associated with salary packaging arrangements. In many instances, there are very simple ways to mitigate these risks once you understand them in a little more detail.
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Reports that New Car sales are down and dealers are overstocked so buyers are in the driver’s seat to save thousands of dollars on the latest model.
June is always the biggest month of the year for new-car sales, but 2014 is set to be bigger than ever.