FBT, Salary Sacrifice, HECS debt

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 · Accepted Answer

EdenATO · Answer

Hello there , Your compulsory payments are based off your repayment income (https://www.ato.gov.au/Rates/HELP,-TSL-and-SFSS-repayment-thresholds-and-rates/). Repayment income is your taxable income plus: - Any total net investments loss (including net rental losses) - Total reportable fringe benefits - Reportable super contributions - Exempt foreign employment income Salary sacrifice is a reportable super contribution and will be counted. You may end up with a bill at the end of the year. If you want to avoid this, you could look at an upwards variation (https://www.ato.gov.au/Business/PAYG-withholding/Payments-you-need-to-withhold-from/Payments-to-employees/Variations/#Upwardvariation).

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