New Rule - Salary Sacrificing -Electronic Devices

categories/management/rules-to-better-accounting.md

@@ -23,6 +23,7 @@ index:
 - pay-invoices-completely
 - how-to-enter-an-expensify-receipt
 - do-you-use-a-mobile-app-to-check-your-personal-payroll
+- do-you-take-advantage-of-salary-acrificing–electronic-devices
 - do-you-calculate-payroll-tax-correctly
 - do-you-check-your-customers-organisation-age-for-prepaid
 - do-you-treat-freebies-as-real-customers

rules/salary-sacrificing-eletronic-devices/rule.md

@@ -0,0 +1,69 @@
+---
+type: rule
+title: Do you take advantage of salary sacrificing – Electronic Devices?
+uri: salary-sacrificing-eletronic-devices
+authors:
+  - title: Jimmy Chen
+    url: https://www.ssw.com.au/people/jimmy-chen
+  - title: Stephan Fako
+    url: https://www.ssw.com.au/people/stephan-fako
+  - title: Matt Wicks
+    url: https://www.ssw.com.au/people/matt-wicks
+related: null
+redirects:
+  - do-you-take-advantage-of-salary-sacrificing-eletronic-devices
+created: 2023-12-11T00:10:16.831Z
+guid: 08919f62-423b-4734-b99e-54903108e240
+---
+Are you planning to buy a cool laptop to boost your productivity? You can place your order from Apple or JB HiFi at full price. Or you can spend less through salary sacrificing, paying with your before-tax money.
+
+TODO: Video with Stephan goes here
+
+### What is salary sacrificing for Electronic Devices
+In Australia, salary sacrificing, also known as salary packaging or total remuneration packaging, is a financial arrangement with your employer where you agree to pay for devices with your pre-tax salary, therefore paying less tax. 
+
+Most companies will let you salary sacrifice FBT-exempted portable electronic devices that:
+
+* are used predominantly for work-related purposes
+
+* are easily portable and designed for use away from an office environment
+
+* are small and light
+
+* can operate without an external power supply
+
+* are designed as a complete unit
+
+This provides you with a wide variety of work-related devices that you could salary sacrifice and save money on. Some devices such as Laptops, tablets, phones, and headphones are just some of the examples.
+
+Accessories can be included in a salary sacrifice arrangement only if they are necessary for the basic operation of the electronic device. Accessories bundled into the price by the retailer can be included in the arrangement.
+
+### The benefits of salary sacrifice
+Salary sacrificing has many awesome benefits:
+
+✅ You pay for your devices in pre-tax dollars (a saving of approximately 30% depending on your tax bracket)
+
+✅ You don’t pay GST (saving you another 10%)
+
+✅ Nothing for you to do at tax time
+
+✅ You get to choose your device - and you own it
+
+✅ You can get something with more grunt, or a MacBook
+
+**Scenario:** 
+
+Bob is earning $111k per annum (salary package inclusive of Super) and he wants to buy a $5,500 laptop.
+
+|                                     | ❌ Without Salary Sacrificing | ✅ With Salary Sacrificing |
+|:-------------------------------------|-------------------------------:|-----------------------------:|
+| Salary package inclusive of Super   | $ 111 k                    | $ 111 k                   |
+| Less Super   | $ 11k   | $ 11k   |
+| Pre-tax deduction   | $ 0   | $ 5 k  |
+| Gross Income   | $ 100 k  | $ 95 k   |
+| Less Tax  | $ 26 k   | $ 24 k   |
+| Purchasing   | $ 5.5   | $ 0  |
+| **Take-home pay**   | **$ 68.5 k**   | **$ 71 k**   |
+
+**Figure: Bob saved $2,500 on take-home pay with salary sacrificing**
+