Salary Packaging
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 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 Investment Choice Plan (ICP) (formerly SSAU) 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 employees 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 employees 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 employees 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 employees 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 Laptop |
Eligible employees 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 laptop, notebook computer or multiple function portable electronic device. |
Disclaimer
The information provided on the Salary Packaging webpages is designed to provide staff with key information to assist them in understanding how salary packaging might affect them. Whilst every care has been taken to ensure that the information contained in any of these webpages is accurate, the University of Adelaide is not responsible for the results of actions taken on the basis of the information contained herein nor for any errors or omissions in these pages.
The University of Adelaide strongly advises all staff contemplating entering into a salary packaging arrangement to seek independent financial advice. The University of Adelaide will not provide any kind of financial, taxation or legal advice pertaining to salary packaging.
The University of Adelaide reserves the right to change, adjust or in any way alter any of the information contained in these or other pages relating to salary packaging as necessary.
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