Disclaimer: The Advantage calculator is only designed to give an estimate of the savings you may achieve and is not intended as a replacement for professional advice. Advantage is not licensed to provide taxation advice. It is recommended that you seek the appropriate legal, financial, tax or other professional advice before making any decisions regarding your salary package. All calculations have been updated to reflect the changes in the May 2023 Federal Budget, and are based on personal income tax rates and thresholds for the 2023/2024 financial year. The calculations do not take into account any applicable: low-income tax offsets (LITO), low-income Medicare levy reduction or any Advantage fees that may apply. The calculations are based on the information provided by you, including your available income for salary packaging, and may change if this information changes.