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Salary packaging

Human Resources > My Pay > Salary Details > Salary Packaging

Salary Packaging

Salary packaging is available to permanent and limited term full-time and part-time staff members. The length of a limited/fixed term staff member’s contract may limit the range of items that can be salary packaged. Salary packaging is optional and voluntary.

The University of Wollongong will continue to offer employees the opportunity to salary sacrifice superannuation, Kids Uni, Car parking and Uni Active gym fees. In addition the University has appointed NLC, an Australian owned company who specialise in Salary Packaging, to work closely with the University and their Employees, to deliver a wider range of items that may be packaged and a competitive and customer-focused Salary Packaging service.

Salary Packaging is an approved means of structuring remuneration to enable the Employee to receive a combination of:

  • salary; and
  • approved benefits

Benefits are paid for from an employee's pre-tax salary thereby reducing the taxable income. Impact on an employees take home pay will depend on the amount of gross salary, the type(s) of benefit(s) selected, the cost of each benefit and other associated costs, such as FBT.

Items Available for Salary Packaging

The University of Wollongong offers employees the opportunity to allocate an amount of their gross salary before PAYG tax deductions to salary packaging.

Staff are strongly recommended to seek independent financial advice before entering into any Salary Packaging arrangement.

Internal items available for packaging

  • Car parking
  • Campus Child Care
  • Superannuation
  • UniActive membership

Salary packaging of novated leases for motor vehicles and other items is also available through NLC, an external provider. Please contact NLC for further details

NLC Contact details

Telephone: (03) 8699 7000
Toll Free: 1800 643 044
Facsimile: (03) 8699 7199
Web: www.nlc.com.au
Email: lease_quote_request@nlc.com.au
Address: Locked Bag 4014, South Melbourne Victoria 3205

Car Parking

Salary Packaging is available for car parking on Campus only. Two categories of car parking are available to staff, both of which can be salary packaged;

Reserved Parking

  • Yearly fee of $1050.00
  • Equivalent to $40.38 per fortnight.
  • A waiting list exists for reserved parking - contact Janice Tinham on Ext 5216 for details.

Permit Parking

  • Yearly fee of $380.00
  • Equivalent to $14.62 per fortnight.
  • Salary Packaging a blue permit does not guarantee a parking position.

A Car Parking Application Form must be completed and returned to Reception at Human Resources Division - a sticker can be issued immediately. The form includes an option to have the deduction taken from your salary as a pre tax (or salary packaged) deduction. An administration fee applies to salary packaged deductions.

If an employee leaves the University of Wollongong due to termination, resignation, or the end of their employment contract the relevant car parking permit must be returned to Human Resources.

More information can be found on the Parking @ UOW web page.

Child Care

Salary Packaging is available for child care at the UOW Pulse Children's Services (Kids' Uni). Employees should ensure they are aware of any changes to legislative or taxation issues associated with child care. Currently Salary Packaging Kids Uni fees may result in the inability to claim the Child Care Rebate or Child Care Benefit from the Government. It is strongly recommended that financial advice is sought before entering in a Salary Packaging Arrangement for Kids Uni fees.

Child care must be on campus for employees to be eligible for the Fringe Benefits Tax (FBT) exemption.

Employees should estimate their child care fees a year in advance. This amount will then be used to determine the fortnightly deductions from your pre-tax salary. At the end of the year your account is reconciled, and credits are repaid through the payroll.

Employees should refer to the policies and procedures of the UOW Pulse Kids Uni for further information.

Superannuation

Employees can salary package their standard superannuation contributions and any additional, voluntary superannuation contributions.

Employees should be aware that salary packaged contributions are deemed to be employer contributions. Employees should refer to their contract of employment to confirm the level of employer contributions that will be paid to their super fund on their behalf.

All employer contributions attract a government imposed Contributions Tax of 15% (for example contributions of 7% will increase to 8.25%).

Concessional contributions (ie. pre-tax and employer contributions) made to super are subject to annual caps. For the 2017- 2018 financial year it is: $25,000. The ATO will assess you personally for any excess contributions tax that you may have incurred.

For more information, see the Australian Taxation Office website.

Superannuation contributions are not subject to the GST.

Superannuation can be complex, and there are many issues that may need to be considered, therefore, it is advisable that employees seek financial advice before entering into a Salary Packaging arrangement. Some issues to consider and to discuss with your financial adviser include:

  • access to salary packaged contributions is only upon retirement
  • taxation
  • concessional contributions
  • changes to legislation
  • retirement
  • life insurance

For more information on UniSuper, visit the UniSuper website, or call 1800 331 685.

UniActive Gym Membership

UniActive – Memberships, Passes, Personal Training & Fitness Programs

Employees have the opportunity to Salary Package memberships. For more information please see the UniActive webite.

Application forms are available at UniActive Reception Desk (Building 13). Employees will be required to present their current staff card.

Charitable Contributions- UOW cares

Workplace giving is a simple and effective way for you to regularly donate to a community group with deductible gift recipient status (DGR) through automated payroll deductions. By contributing to a workplace giving pre-tax program, you receive the benefit of an immediate tax deduction from your fortnightly salary. Staff can find out more information on the UOW Cares website and can commence their deductions by logging onto Web Kiosk.

How to apply

UOW

  1. Read the information on the Salary Packaging web site including the terms and conditions of University suppliers
  2. Seek financial advice
  3. Complete a Salary Packaging Application Form for:
    1. Superannuation
    2. Childcare
    3. Parking and Gym

Application forms can be lodged at Human Resources, Level 4, Administration Building (36) or via email on hr-reception@uow.edu.au

NLC

Assistance in Novating a Motor Vehicle
Call or email nlc and speak to a dedicated Vehicle Packaging Consultant:
Phone: (03) 8699 7000
Toll free: 1800 643 044
Email: lease_quote_request@nlc.com.au
Novated Leasing - Frequently Asked Questions

Fees

Administration fees

Car parking - $0.50* per fortnight (or free if packaged with any other item)

Child Care - $3.00* per fortnight

Superannuation - $2.00* per fortnight

Gym Membership - $0.50* per fortnight

nlc items - $75.00* per year (unlimited number of items)

* Plus 10% Goods and Services Tax (GST)

Alteration fees

Employees can alter their salary package i.e. the item or items being packaged, once each year on the anniversary date of the package. Any alterations to a salary package within that one year period may incur a $100 Alteration Fee. In addition, employees will be subject to all terms, conditions and penalties of University suppliers.

The Alteration Fee will not apply to small changes such as a change in bank account details change of address, annual package adjustments etc.

Frequently Asked Questions (FAQs)

Once I enter into a Salary Packaging arrangement am I locked into it?
Employees can alter their salary package once a year on the anniversary date of the package at no additional administrative cost. Employees will however, be subject to all terms, conditions and penalties of University suppliers and the Salary Packaging Guidelines.

Why is there an Administrative Fee for Salary Packaging?
Fees have been established to cover related and reasonable administrative costs associated with Salary Packaging. Such costs include salaries, establishment costs, maintenance of employee's records, payroll adjustments, employee correspondence, maintenance of web site, Fringe Benefits Tax (FBT) reporting, system requirements, correspondence with suppliers etc.

I have a lump sum of money in the bank. Can I salary package this into my superannuation?
No. Salary Packaging must be prospective, i.e. money in the bank has already been earned and therefore cannot be salary packaged. Salary Packaging is in anticipation of future earnings.

What should I be aware of if Salary Packaging?
All employees are advised to seek financial advice before entering into a Salary Packaging arrangement.

How do I renew my salary package?
A salary package will continue unless pre-determined package arrangements have a final date, or the employee requests (in writing) that the arrangement cease.

If I salary package gym fees, child care, parking or a motor vehicle will my compulsory superannuation contributions be effected?
No

Can I salary package more than 1 item?
Yes you can. All employees are advised to seek financial advice before entering into a Salary Packaging arrangement.

Can SSS or SASS member’s salary package superannuation contributions?
SSS and SASS now accept salary packaged contributions.

Salary Packaging Disclaimer

Whilst every effort has been taken to ensure the accuracy of the information contained within the Salary Packaging web site, the University of Wollongong and its suppliers will not accept any legal responsibility or liability for any errors or omissions that may have been made or to the correctness of the information contained within the Salary Packaging web site.

All employees of the University of Wollongong are advised to seek financial advice before entering into a Salary Packaging arrangement.

The University of Wollongong reserves the right to change, adjust or in any way alter any of the information contained within this document and other documents relating to Salary Packaging.

The University of Wollongong will not provide taxation, financial or legal advice relating to Salary Packaging.

Legal action may be taken by the University of Wollongong to collect any outstanding monies owed by an employee or former employee of the University.

It will be understood by the University of Wollongong that any employee who enters into a Salary Packaging arrangement has fully read and understood this disclaimer relating to Salary Packaging and agrees to all terms and conditions of the Salary Packaging Guidelines and all terms and conditions of University suppliers. Salary Packaging arrangements must meet Australian Taxation Office requirements.

The University of Wollongong accepts no responsibility for any loss associated with Salary Packaging by an employee.

The Salary Packaging web site is protected by Copyright and University Policy in relation to intellectual property. The distribution or dissemination of the information contained within the Salary Packaging web site is strictly prohibited without prior permission of the Director, Human Resources or nominee.

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