As an employee of the Queensland Government, you could maximise your superannuation for the future. All while potentially saving on tax today.
At RemServ, we’re here to help our fellow Queenslanders. One of the ways we do this is through assisting you in salary packaging your superannuation.
When you start working for the Queensland Government, 5% of your salary is automatically contributed to your superannuation. We call this your default employee super contribution.
Queensland Government employees also receive an employer super contribution of 12.75% on top of their default 5% employee contribution. For Queensland Police Service employees, these rates increase to an 18% employer contribution and a 6% default employee contribution.
With RemServ, you can salary package your default employee contribution.
When you do this, the money is taken from your pre-tax income. This means that once the pre-tax contributions are in your super fund; they’re taxed at a rate of 15%. This is lower than most marginal tax rates which could mean more take-home pay for now, and a more comfortable retirement later.
Here's how somebody making $60,000 a year could be making the most of their money.
QG Employee
Queensland Police Employee
For more information on this benefit, click here to view the FBT Exempt Benefit Items Fact Sheet and Superannuation Information Booklet.
Ready to be a super saver?
Take some time and explore how salary packaging could save you money and help you pay less tax. To get started, you'll need your employee number as found on your payslip.
Employees can salary package both standard and any additional voluntary superannuation contributions.
The salary packaging of standard and voluntary superannuation contributions can be made only to a regulated superannuation fund that has a complying status.
All superannuation contribution funds are sent directly to the employee’s chosen Super fund.
Disclaimer
^Superannuation pre-tax contributions shown in the calculations will have concessional contribution tax of 15% deducted by the super fund. Therefore, the post-tax contribution has also been reduced by 15% to show a more accurate comparison.
*Salary Packaging: The estimated potential tax benefit is based on the assumption that an eligible employee salary packages their 5% default employee towards their superannuation contributions using their pre-tax salary. The additional contribution is subject to the concessional tax rate of 15%. PAYG tax rates effective 1 July 2024 have been used and average fees and charges are included. The actual administration fee that applies to you may vary depending on your employer. Tax, benefit and Medicare Levy calculations are approximate, and assume no other taxable income is received. HELP repayments and taxation surcharges are excluded.
#Salary Packaging: The estimated potential tax benefit is based on the assumption that an eligible employee salary packages their 6% default employee towards their superannuation contributions using their pre-tax salary. The additional contribution is subject to the concessional tax rate of 15%. PAYG tax rates effective 1 July 2024 have been used and average fees and charges are included. The actual administration fee that applies to you may vary depending on your employer. Tax, benefit and Medicare Levy calculations are approximate, and assume no other taxable income is received. HELP repayments and taxation surcharges are excluded.
Sworn officers receive 6% default contribution. Public servants (admin, non officers) receive 5% default contribution.
Important information: Salary packaging is only available to eligible employees of the Queensland Government as per the Standing Offer Arrangement QPG0065-21. The implications of salary packaging for you (including tax savings and impacts on benefits, surcharges, levies and/or other entitlements) will depend on your individual circumstances. The information in this publication has been prepared by RemServ for general information purposes only, without taking into consideration any individual circumstances. RemServ and the Queensland Government recommend that before acting on any information or entering into a salary packaging arrangement and/or a participating agreement with your employer, you should consider your objectives, financial situation and needs, and, take the appropriate legal, financial or other professional advice based upon your own particular circumstances. You should also read the Salary Packaging Participation Agreement and the relevant Queensland Government Salary Packaging Information Booklets and Fact Forms available via the Queensland Government Arrangements Directory. The Queensland Government strongly recommends that you obtain independent financial advice prior to entering into, or changing the terms of, a salary packaging arrangement.