First time post. I hope it's not an inappropriate question. If so, feel free to delete it.
My question relates to fringe benefits, and potential ramifications. I'm hoping that there may be some accountants or similarly financial savvy types who can help.
I'm currently employed as a Counsellor earning a paltry, $48,600 P/A (so happy I went to Uni for 3 years for that ) No benefits like car/laptop/salary sacrifice.
I'm considering a potential new offer of employment with what looks like better pay, however, I'm confused. Here's what's on offer:
The pay on offer is for a package is $49,700 with the opportunity to salary sacrifice up to $400 per fortnight. The provision of a car is valued at $15,000 and a contribution for private use of $75 per fortnight is deducted fortnightly. Superannuation is paid at 9%.
I have a $20,000 HECS debt, and being a single father get about $210 per fortnight from Centrelink. I'm not sure what effect (if any) the car and salary sacrifice will have on those two.
Can someone point me in the right direction?
Thanks so much,