Flexipak FAQ's for employers
Q) How do employees salary package a laptop?
A) The process is easy
1. Call the Flexipak Team on 1300 888 779
It's easy. As an employer you will need to do is complete an Employer Registration form to enter into the Flexipak Program.
2. Fax back the completed Employer Registration Form
Return the completed form via fax to 1300 720 002.
3. Promote to eligible employees!
Flexirent would love to help you promote the Flexipak Salary Packaging Program to your eligible staff and please do not hesitate to contact us if you require any further information. Flexirent can also arrange with suitable resellers to make special offers to your staff.
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Q) What can be packaged?
A) When choosing your new computer, please be aware that only assets that are Fringe Benefits Tax exempt may form part of your Flexipak agreement.
Fringe Benefit Tax exempt assets when primarily used for business purposes
- Laptop or notebook computer
- PDA (Personal Digital Assistant) or electronic diary
- Laptop Carry bag
- Software (if used primarily for business purposes)
- External Mouse
Unfortunately, the following cannot form part of your Flexipak Agreement
- Above assets when primarily used for private purposes
- Extended warranty
- Services and other software
- All other assets
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Q) Can I salary package more than one laptop computer?
A) The savings achieved from the Flexipak Program are directly attributed to the Fringe Benefits Tax exemption. To ensure the prevention of abuse derived from the exemption, the ATO has limited the reimbursement to only one notebook / laptop computer per Fringe Benefits Tax Year (1st April - 31st March) per employee. Employers who have entered into a Residual Benefit Agreement with Flexirent avoid this limitation.
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Q) Does the employee have to use the laptop for work purposes to salary package?
A)Yes. Equipment must be primarily used for employee's employment to be FBT exempt in order to salary package.
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Q) Can I select any brand of laptop computer?
A) Yes, as long as it's a portable computer it will qualify for the Flexipak program.
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Q) How much will employees save when they salary package through Flexirent?
A) Below is an example of the savings and net cost when employees salary package a laptop valued at $2,500 on a 3 year term:
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| Salary range for 2008/09 tax year |
Flexirent Lease Cost Per Week |
Flexipak Salary Packaged Lease Cost Per Week |
Potential Total Saving over 3 years |
| $34,001 - $80,000 |
$28.88 |
$19.78 |
$1,424 or 31.5% |
| $80,001 - $180,000 |
$28.88 |
$16.89 |
$1,876 or 41.5% |
| Over $180,000 |
$28.88 |
$15.88 |
$2034 or 46.5% |
And, if your employer is able to pass on the GST input credit to employees, savings could be as high as 51*% for those in the top salary range.
*Savings off normal rental prices for an Australian resident based on effect on take home pay and includes 1.5% Medicare levy and employer passing on GST input tax credit (if available). Savings are indicative and depend on your circumstances and income level.
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