Rio Tinto Employee Benefits Guide
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Rio Tinto Employee Benefits Guide Employee Benefits Description Library SALARY PACKAGING ELIGIBILITY NOVATED LEASING REMOTE AREA BENEFITS FIFO ADDITIONAL BENEFITS GET STARTED Introducing salary packaging the Maxxia way Your employer has chosen Maxxia as your workplace benefits provider to bring you the best possible salary packaging experience. We’ve specialised in workplace benefits for close to 30 years. In that time, we’ve worked hard to perfect salary packaging so that you can maximise your tax benefits, claim faster and easily view account balances anytime. Maybe that’s why we’re the largest and a trusted supplier of salary packaging throughout Australia. Salary packaging in short Fully approved by the Australian Tax Office, salary packaging lets you pay for things like a car as well as work-related expenses with money from your salary before tax. This reduces your taxable income, and boost your disposable income. The salary packaging difference Without salary packaging $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Your pay Tax Expenses Less disposable income With salary packaging $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Your pay Expenses Tax More disposable income These costs reduce your Reduce your tax! taxable income 1 SALARY PACKAGING ELIGIBILITY NOVATED LEASING REMOTE AREA BENEFITS FIFO ADDITIONAL BENEFITS GET STARTED Benefit Airport Lounge Membership Financial Counselling Fees of Trade Tools FIFO Flights (self-funded) Housing (employer provided) Remote Area Housing (private rental) Remote Area Benefits (Mortgage Interest) Remote Area Costs) Benefits (Purchase Remote Area Benefits (Gas and Electricity) Remote Area Relocation Expenses (Domestic) Novated Leasing Argyle Diamond Argyle 4 4 4 4 4 4 4 4 4 4 4 What can you Mine - Kununurra Dampier Salt - 4 4 4 4 4 4 4 4 4 4 4 package and Dampier Dampier Salt - 4 4 4 4 4 4 4 4 4 4 4 Dampier Lake Mcleod eligibility Salt Dampier Salt - 4 4 4 4 4 4 4 4 4 4 4 Port Hedland Dampier Salt Head 4 4 4 – – – – – – 4 4 Office Perth West Angeles 4 4 4 4 – – – – – 4 4 Hope Downs 1 4 4 4 4 – – – – – 4 4 There are a number of Hope Downs 4 4 4 4 4 – – – – – 4 4 expenses that you can Yandicoogina 4 4 4 4 – – – – – 4 4 salary package each Brockman2 4 4 4 x4 – – – – – 4 4 Fringe Benefits Tax (FBT) Brockman 4 4 4 4 4 – – – – – 4 4 year (1 April – 31 March). Nammuldi 4 4 4 4 – – – – – 4 4 Karratha 4 4 4 4 – 4 4 4 – 4 4 Exactly which benefit Dampier 4 4 4 4 – 4 4 4 – 4 4 Rio Tinto you could package will Wickham 4 4 4 4 – 4 4 4 – 4 4 depend on your location/ Iron Ore Cape Lambert 4 4 4 4 – 4 4 4 – 4 4 site. Pannawonnica 4 4 4 4 – 4 4 4 – 4 4 4 4 4 4 4 4 Please refer to the matrix Mesa A – – – – – 4 4 4 4 4 4 to see what you could Mesa J – – – – – 4 4 4 4 4 4 4 4 4 4 salary package based on Tom Price – 4 4 4 4 4 4 4 4 4 4 your location. Paraburdoo – Marrandoo 4 4 4 4 – – – – – 4 4 Boxes marked with a cross Channar 4 4 4 4 – – – – – 4 4 are not offered. Eastern Range 4 4 4 4 – – – – – 4 4 Darwin 4 4 4 4 – – – – – 4 4 ERA Jabiru 4 4 4 4 4 4 4 4 4 4 4 Weipa 4 4 4 – 4 4 4 4 4 4 4 Rio Tinto Gove 4 4 4 – – – – – – 4 4 Aluminium Yarwun 4 4 4 – – – – – – 4 4 Melbourne CBD 4 4 4 – – – – – – 4 4 Brisbane CBD 4 4 4 – – – – – – 4 4 Group 4 4 4 4 4 Services Perth CBD – – – – – – Perth Operations 4 4 4 – – – – – – 4 4 Centre 2 SALARY PACKAGING ELIGIBILITY NOVATED LEASING REMOTE AREA BENEFITS FIFO ADDITIONAL BENEFITS GET STARTED Novated Leasing Have you been thinking about getting a new car and wondered how you were going to pay for it? Well, novated leasing from Maxxia could be just what you’re looking for. Basically, a car is leased in your name, via your employer, and instead of paying with the money you have left over after tax, your lease is covered using funds from a combination of your pre- and post-tax salary. In addition to the potential tax savings, there’s also the convenience of having all your lease payments as well as all your car’s running costs – including petrol, insurance and servicing – combined into one convenient, regular payment. A novated lease could benefit almost anyone who needs a car. You don’t even have to get a brand new car – in fact, you can lease your existing vehicle – and you don’t have to be a high-income earner or drive lots of kilometres to benefit. Eligibility All sites are eligible 3 SALARY PACKAGING ELIGIBILITY NOVATED LEASING REMOTE AREA BENEFITS FIFO ADDITIONAL BENEFITS GET STARTED Remote Area Benefits So, you live and work in a This unique benefit allows you to salary remote area. Bet you didn’t package the cost of: know that because of where • interest you pay on your mortgage for you’re based, you could the house you live in potentially save thousands each • rent you pay an estate agent/private year by salary packaging some party for the house you live in living expenses with Maxxia? • rent you pay to your employer for the house you live in (select The Remote Area Benefit allows you to locations only) pay portions of your rent or mortgage • your electricity or gas expenses if you interest repayments using your pre-tax salary package rent or mortgage salary. If you’re eligible to salary package, as a remote area benefit you could pay less income tax and could enjoy more disposable income each year, • purchasing a property in a remote area no matter how much you earn. or the purchase of land to build a home in a remote area Eligibility Rio Tinto employees on a residential contract, living and working in the following locations. Remote Area Housing Karratha Paraburdoo Dampier Kununarra (Argyle Diamond) Wickham Port Hedland (Dampier Salt) Cape Lambert Carnarvon (Dampier Salt) Pannawonnica Weipa (Alcan) Tom Price Further information If you are considering packaging remote area benefits, you’re required to make an appointment with a Customer Education Manager at your local state office. 4 SALARY PACKAGING ELIGIBILITY NOVATED LEASING REMOTE AREA BENEFITS FIFO ADDITIONAL BENEFITS GET STARTED FIFO Flights (self-funded) Turn your daily commute into an annual benefit! If you work in a remote area, you may be eligible to salary package the cost of self- funded airfares to and from your usual place of residence to your workplace with the Remote Area Assistance Fly-In, Fly-Out benefit. Eligibility All employees working under a FIFO contract/arrangement are eligible except for employees working at Gove, Yarwun or Weipa where FIFO flights cannot be packaged. FIFO Airport Parking Save on your flight, save on your parking. If you’re a Fly-In-Fly-Out (FIFO) employee, you can also salary package your parking fees at any Australian airport. This means you could use your before-tax money to pay for your parking now, instead of waiting until tax time to claim! Join the FIFO Parking Program and salary sacrifice yourairport parking now. Eligibility All employees working under a FIFO contract are eligible. 5 SALARY PACKAGING ELIGIBILITY NOVATED LEASING REMOTE AREA BENEFITS FIFO ADDITIONAL BENEFITS GET STARTED See what else you can salary package There are a number of expenses that you can salary package each Fringe Benefits Tax (FBT) year (1 April – 31 March) up to the cap limits. Airport Lounge Membership Relocation Expenses (Domestic) You could save on airport lounge Need to move home for your job? memberships by salary packaging the You could salary package your relocation expense with Maxxia. So, next time expenses if you move for work purposes. you’re at the airport, head to the lounge This is a benefit that applies regardless of and relax in the knowledge that you’ve whether you buy or rent – and could help saved on the membership fee. save you money on your move. If you’re buying a new house, you could salary package a range of expenses, including: Financial Counselling Fees • stamp duty If you talk to a registered financial adviser • advertising about your finances or investment matters, you may be eligible to salary • legal fees package the fees. It’s a double-win: • agent commission you’re getting advice on investing in your future, while saving in the now. • borrowing expense • storage and removal costs • utility connection costs (electricity, gas and telephone). Tools of Trade You could also salary package the cost If you’re in need of specific ‘tools of of temporary rental accommodation for trade’ – that is, tools which are used you and your family, at the old location or primarily for performing your usual work your new destination. duties – then why not salary package the (Note: although this benefit is Fringe cost and save? Benefits Tax - exempt, some rules apply. ‘Tools of trade’ may include: It’s best to check with your employer or contact us for more information.) • manually operated tools • electrically powered hand tools • toolboxes Eligibility • laptops and phones All sites are eligible. • tool belts. (Note: major equipment, such as a lathe or drill press, does not qualify under this benefit.) 6 SALARY PACKAGING ELIGIBILITY NOVATED LEASING REMOTE AREA BENEFITS FIFO ADDITIONAL BENEFITS GET STARTED Getting started If you wish to enquire about salary packaging or novated leasing Call Maxxia on 1300 123 123 or contact your local state office to arrange a consultation with a Customer Education Manager.