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PKF New England North West

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PKF NENW News

JobKeeper Case Study - No Change to Wages

17 Apr 2020

Adam owns a real estate business with multiple employees. The business is still operating at this stage but Adam expects that turnover will decline by more than 30 per cent in in the coming months. 

Two of the employees are:

  • Anne is a permanent full-time employee on a salary of $3,000 per fortnight before tax and who continues working for the business; and
  • Nick is a permanent part-time employee on a salary of $1,000 per fortnight before tax and who continues working for the business.

Adam is eligible to receive the JobKeeper Payment for each employee, which would have the following benefits for the business and its employees: 

Anne

  • The business continues to pay Anne her full-time salary of $3,000 per fortnight before tax.
  • The business will receive $1,500 per fortnight from the JobKeeper Payment to subsidise the cost of Anne’s salary
  • The business will continue paying the superannuation guarantee on Anne’s income.

Nick

  • The business continues to pay Nick his $1,000 per fortnight before tax salary and an additional $500 per fortnight before tax, totalling $1,500 per fortnight before tax
  • The business will receive $1,500 per fortnight before tax from the JobKeeper Payment which will subsidise the cost of Nick’s salary.
  • The business will continue to pay the superannuation guarantee on the $1,000 per fortnight of wages that Nick is earning.
  • The business has the option of choosing to pay superannuation on the additional $500 (before tax) paid to Nick under the JobKeeper Payment.

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