​Disclaimer: The Smartsalary calculator is only designed to give an estimate of the savings you may achieve and is not intended as a replacement for professional advice. Smartsalary is not licensed to provide taxation advice and it is recommended that you seek the appropriate legal, financial, tax or other professional advice before making any decisions regarding your salary package. All calculations have been updated to reflect the changes in the May 2023 Federal budget, are based on personal income tax rates and thresholds for the 2023/2024 financial year. The calculations do not take into account, any applicable: low income tax offsets (LITO), low and middle income tax offsets (LITMO), low income Medicare levy reduction or any Smartsalary fees that may apply . GST savings shown in the calculations are based on the assumption that your Employer passes on input tax credits but does not take into account your Employer’s accounting methods and internal policies. Superannuation pre-tax contributions shown in the calculations will have concessional contribution tax of 15%. Therefore the post-tax contribution has also been reduced by 15% to show a more accurate comparison. The calculations are based on the information provided by you, including your available income for salary packaging, and may change if this information changes.