Guide to using this Calculator
Taxable income: This should be your Gross Salary (Pre tax amount).
Cost of parking: This should be the FBT (Fringe Benefits Tax) Inclusive Gross parking cost as provided by PMA; please submit a rate enquiry if you are not sure what the amount is.
The Pre Tax amount we have provided is what will be deducted from your Gross pay Pre Tax.
The Net parking cost calculated here is the out of pocket expense and the amount you should expect your take home pay to be reduced by if you choose to Salary Sacrifice parking.
The indicative calculations shown here should be considered as a guide only. Your personal circumstances may vary from those considered in this example and this could alter the projected outcomes. No guarantee is made as to the accuracy of the values displayed.
We recommend you seek your own financial advice before entering a Salary Sacrifice arrangement for parking. For a more personalised out of pocket expense estimate you may contact payroll.
If any further assistance is required please contact us.