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Salary sacrifice for car questions

Lees75 View Member Profile	01/01/2013, 01:13 PM Post #21
Posts: 6,013 Joined: 3-June 04
I should be cleaning my house
I did. Someone with a taxable income of $70k is entitled to exactly the same amount Fam Tax Benefits as someone on $50k taxable income and $37383 Fringe benefits ($20k when grossed down). That's how it works- otherwise everyone would essentially be double-dipping, getting the benefits of saving tax, plus getting more FTB. ETA- XH and I did this for years. We only stopped when we split up and child support became involved, as they use the grossed up amount. He learnt the hard way....lol! This post has been edited by Lees75: 01/01/2013, 01:15 PM

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