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    Default Salary Sac/FBT help

    Hi guys, is there anyone who knows about sal sac and centrelink?

    I report my gross wage to centrelink and I sal sac. I dont qualify for Family Assist (FTB), only CCB and CCR.

    Now I thought I was fine but someone has informed me Im wrong. Apparently Clink add up your gross wage and also add your FBT and use that as your income. How can that be right?

    My sal sac and employer have previously told me I am fine as long as I report my gross wage and now Im freaking out!!

    Can anyone help?

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    Bumping please
    Freaking out a little that now Ill owe heaps of money!

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    Doesn't salary sacrifice just improve net not gross?

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  5. #4
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    SpecialPatrolGroup is offline T-rex is cranky until she gets her coffee.
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    Your pay office should be able to give you the figure that you need to reprt to centrelink/family assistance office.

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    Yes, just improves my taxable income. And I already report my gross.

    Work and sal sac all said I should be fine if I reported my gross wage.

    But Ive been told Im wrong my someone, what their saying makes no sense yet they ended up with a clink debt

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    If ur salary sacrificing don't forget the mark up they do. So if you salary sacrifice at the full rate it's about 9k. Then they add another 8k to it. So on your group certificate it will show you earned 16k in FBT. This makes a difference to overall amount earned. I Made The Same Mistake. When I reported my income after I had my son I estimated the 12 mths but I forgot the stupid FBT. So they took the money u get each year for your child because I was overpaid! FBT is only good if u don't have hecs or get ftb.

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    I dont get FTB bit I do get CCR and CCB
    I dont understand how they can add ot to your gross wage... When you didnt actually earn that much. It seems so wrong.

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    Yes they include your FBT (Fringe Benefits Tax) as income. Although they only calculate about 50% of it as income through. It is on the website and they usually ask you this when you declare your income. Say you earnt $50K, and then additionally earnt $4K of FBT, then your income would be according to CL/FA be $52K. Does that make sense ?


 

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