While a salary packaged subscription is FBT-exempt, the value of the subscription will still be a "reportable fringe benefit" for FBT purposes and may effect your eligibility for various governments benefits, including the Child Care Subsidy (amongst other things), as well as your liability to the Medicare Levy Surcharge or HECS (amongst other things).
AGL will prepare a report at the end of the FBT year (March 31) with the total fringe benefit tax and this will be provided to the employer. Employers use the information to report the total fringe benefit to the ATO.
The calculations provided on are calculated and estimated based upon the official tax rates current as at July 2023 for the 2023-24 Australian resident tax rates provided by the ATO.
No allowance has been made for other components in the income tax calculation including but not limited to Medicare levy, HECS liability or Child Care Subsidy. The calculations on our website do not take into account all relevant details about the individual’s tax or financial circumstances. The actual tax payable by you or overall benefit to you will depend on your personal circumstances.
You should seek advice from a financial/tax adviser before making any decision.