The University recognises the value of flexible remuneration for its staff. Salary packaging is one way to provide flexibility by maximising take-home pay through restructuring your salary.
The University reserves the right to unilaterally discontinue any of the Salary Packaging arrangements at any time.
The University offers a number of voluntary options for salary packaging to eligible staff, including:
|Increased Member Contribution to UniSuper|
The 7% after tax member contribution to UniSuper Defined Benefit Plan (DBP) or UniSuper Accumulation 2 may be packaged as 8.25% pre-tax contribution.
The increase from 7% after tax to 8.25% pre-tax is due to the superannuation fund being required to pay a 15% contributions tax to the government from all salary packaged superannuation contributions where no PAYG (Pay As You Go) tax has been deducted (i.e. 8.25% x .85 = 7% net contribution).
|Voluntary Pre-tax Contributions to UniSuper Investment Choice Plan (ICP)||Eligible staff members may make voluntary pre-tax contributions to the Investment Choice Plan (formerly SSAU). 15% contributions tax to the government and 2% administration fee (up to a maximum of $100 in a financial year) will be deducted by UniSuper, leaving a net contribution of 83% to the member's account (for example $100 x .83 = $83 net contribution; $120 would be required to achieve $100 net contribution).|
|Voluntary Pre-tax Contributions to UniSuper Award Plus Plan (APP)||Eligible staff members may make voluntary pre-tax contributions to the UniSuper Award Plus Plan (formerly TESS). 15% contributions tax to the government and 2% administration fee (up to a maximum of $100 in a financial year) will be deducted by UniSuper, leaving a net contribution of 83% to the member's account (for example $100 x .83 = $83 net contribution; $120 would be required to achieve $100 net contribution).|
|Motor Vehicle Lease||The University of Adelaide has appointed Custom Fleet as its preferred provider and all arrangements for motor vehicle packaging will be managed by them. Eligible staff members are able to enter into a Novated Lease agreement between Custom Fleet and the University. No other types of lease arrangements for private vehicles are available under this salary packaging scheme.|
|Child Care Fees||Eligible staff members with children enrolled at the North Terrace or Waite Campus University of Adelaide child care centres or the Roseworthy Campus Child Care Centre may participate in salary packaging child care fees.|
|Car Parking Fees||Staff issued with a University of Adelaide Car Parking permit who are eligible to have fortnightly deductions can salary sacrifice their fees.|
|Portable Electronic Device||Eligible staff members have the option of entering into a salary packaging arrangement whereby they agree to a reduction in taxable salary in return for purchasing a portable electronic device. |
|Living Away From Home Allowance|
Eligible staff members may enter into a salary packaging arrangement for a Living Away From Home Allowance. A Living Away From Home Allowance (LAFHA) is an allowance provided to compensate the staff member for additional accommodation and food costs that are expected to be incurred because the staff member is required to live away from his or her usual place of residence in order to perform their employment duties. The taxable value of the benefit for FBT purposes is the amount of the allowance, reduced by the exempt accommodation component and the exempt food component.
The two components of LAFHA that may be claimed through Salary Packagining at the University of Adelaide are for Accommodation and Food.
|Eligible staff members have the option of donating to the University via a pre-tax salary deduction.