The details of this scheme will be agreed by the parties to ensure that the 'no disadvantage' test is met. Adelaide University recognises the value to some employees of flexible remuneration planning. Salary packaging is one way to provide this flexibility by maximising take home pay through legitimate restructuring of gross salary to receive part of the remuneration in the form of employer-provided benefits.
Salary packaging is a voluntary option for eligible members of staff.
The decision to salary package rests with each individual employee. Net gains from increased take-home pay must be considered against potential tax penalties on superannuation benefits in the future and at retirement as well as the potential penalties on family assistance, rebates, Medicare levy surcharge and superannuation surcharge. The information provided on the Salary Packaging web pages is designed to provide staff with key information to assist them in understanding how salary packaging might affect them. Whilst every care has been taken to ensure that the information contained in any of these web pages is accurate, Adelaide University is not responsible for the results of actions taken on the basis of the information contained herein nor for any errors or omissions in these pages. Adelaide University strongly advises all staff contemplating entering into a salary packaging arrangement to seek independent financial advice.