what can i salary package

“Having a flexible work schedule can be invaluable, depending on your situation. By paying for these things before you have to pay tax you end up with greater purchasing power with the same income. You could save when you dine out with family and friends, Good news, you can now claim Meal Entertainment for some takeaway and home delivery until 31 March 2021, Package your car’s running costs and save time and money, Pay your membership fees and subscriptions with pre-tax funds, Home-owner? 3000, Maxxia Pty Ltd | ABN 39 082 449 036 is an Authorised Representative of EML Payment Solutions Limited (AFSL 404131) ABN  30 131 436 532, Coverforce Insurance Broking Victoria Pty Limited (AFSL 345986) ABN 45 127 707 813, Allianz Australia Insurance Limited (AFSL 234708) ABN 15 000 122 850 and Smart Guys Pty Limited (AFSL 460412) ABN 46 129 708 523. An employee's award may however contain provision for a minimum cash salary. When you receive a job offer, the employer will present you with a compensation package that includes a base salary and potentially other benefits. There is no automatic right to salary package and some employers restrict who can package what, while others refuse to put anything on the table. Boost your retirement nest egg and enjoy the potential tax savings now, Package airport lounge memberships and you could save on tax, Live spend and save smarter with the Maxxia Wallet smartcard, Package your premiums, safeguard your loved ones, Get financial advice and save on the fees, Package your mortgage, rent and personal loan payments and save. Our Privacy Policy contains important information about how we collect, hold, use and disclose personal information. With a salary package, money is usually deducted from your salary before tax for these items or services. Our Privacy Policy contains important information about how we collect, hold, use and disclose personal information. There’s also lots of other benefits you can include in your salary packaging arrangement. Explore the wide range of expenses you can package based on your sector. You can start off by emphasizing that you are asking for a full salary package. Generally speaking salary packing is also known as salary sacrifice which is a private arrangement between the employer and employee. Save on tax by using pre-tax income on insurance, rego, CTP, fuel, servicing and other running costs. Novated car leasing is a great way to finance your car with great added benefits. You can salary package expenses incurred as a result of relocation, if the relocation is solely due to gaining employment with your Employer or relocating to a new work location, per your Employer’s policy. Salary sacrifice. Select your industry group from the tabs below. Melbourne, Victoria  Whether you’re ready to get started or would like to know more, we’re here to help. You could package your accommodation and food costs. The FBT exemption cap limits the amount you can salary package within a FBT year (1 April to 31 March), without incurring FBT. 278683) of McMillan Shakespeare Limited (AFSL No. What can I salary package? There is no specific tax legislation governing these arrangements, or how much salary can be sacrificed or on which job. You can salary package: up to $15,900 per FBT year if you work for a charity or not-for-profit organisation (equal to $611.50 per fortnight) up to $9,010 per FBT year if you work for a public or private not-for-profit hospital (equal to $346.50 per fortnight) 3000, Maxxia Pty Ltd | ABN 39 082 449 036 is an Authorised Representative of EML Payment Solutions Limited (AFSL 404131) ABN  30 131 436 532, Coverforce Insurance Broking Victoria Pty Limited (AFSL 345986) ABN 45 127 707 813, Allianz Australia Insurance Limited (AFSL 234708) ABN 15 000 122 850 and Smart Guys Pty Limited (AFSL 460412) ABN 46 129 708 523. You could package your housing costs, Package a range of work-related expenses and potentially pay less tax. Elizabeth Street Salary package the cost! A salary sacrifice arrangement is also referred to as salary packaging or total remuneration packaging. You could package your work relocation costs, Work in a remote area? It is an arrangement between an employer and … Salary sacrifice is an arrangement to package or sacrifice part of an employee's salary in return for desired benefits. Find out more today. NFP employees can package up to $15,900 every year, which is the maximum capped amount. Whether you’re ready to get started or would like to know more, we’re here to help. This results in a lower taxable income, so that you’ll pay … Privacy Statement: Maxxia is committed to protecting the privacy and rights of its customers. For those that do use it, you will only pay tax on the remaining portion of your salary, significantly reducing your taxable income. Things you need to know: The above information is not intended to constitute taxation or financial product advice. Level 21/360  The most common salary packaging items are superannuation, fringe benefits such as car or living allowance. Negotiating salary and benefits can be intimidating. Salary packaging allows you to pay for certain expenses such as your mortgage, rent and other everyday living expenses before income tax is calculated. The types of benefits and the amount you can salary package depends on your employer and industry you work in. What are the benefits I could salary package? Are you employed by the SA Government? Find out more on the benefits available by visiting our categories and benefits page. It is important to understand the different elements of an offer and how to ask an employer or potential employer for an increased compensation package. Depending on your employer type, you may be eligible for an FBT exemption which means you can salary package the costs of your general living expenses and Meal Entertainment up to a … The following benefits can be salary packaged above the $15,899 or $9,009 cap limit: There is no capped amount on these particular benefits. Explore the wide range of expenses you can package based on your sector. Salary Packaging is an arrangement between an employer and an employee, where the employee agrees to forgo part of their salary or wages in return for the employer providing them with benefits of a similar value. What are the benefits I could salary package. Select a industry Corporate and Others Healthcare and Charities Private Education / Community Bodies and Associations. No GST to pay on your car purchase. * Meal Expenses (through the Beyond Bank Meal and Accommodation Card) FBT is a tax that your employer pays for the benefits provided to you in lieu of salary or wages. Melbourne, Victoria  We've created your own special page, visit. Level 21/360  So you pay less tax and have more money to spend. Most people can save tax by salary packaging a few everyday expenses. Salary sacrifice arrangements for your not-for-profit organisation are the same as for businesses. Salary packaging is the smart way to save on your finances by reducing your taxable income and spending your pre-tax salary on everyday expenses. Salary packaging is an easy and convenient way to pay for regular expenses such as your mortgage or rent, credit card and personal loan payments, or even regular daily items such as groceries and petrol. You can still use our handy salary packaging calculator to see how much you could save. The types of benefits and the amount you can salary package depends on your employer and industry you work in. The cap applies to the combination of salary packaging benefits and non-salary packaging benefits (the latter being any fringe benefit provided by the employer outside of the salary packaging arrangements). You may choose to negotiate for a … You don't need to be a big earner - if you pay income tax, you could boost your disposable income through salary packaging. Depending on your industry and your employer, you may be entitled to pay for certain expenses with your pre-tax salary. Nor does it look amazing on your … Median pay Pay range: Accounting $65,000 $48,000 to $125,000: Agriculture, fishing and forestry: $55,000: $40,000 to $95,000: Architecture $75,000: $50,000 to $125,000: Automotive: $60,000: $40,000 to $85,000: Banking, finance and insurance: $65,000: $45,000 to $125,000: Construction and roading $60,000: $40,000 to $135,000: Customer service $48,000 Maxxia Pty Ltd ABN 39 082 449 036 Authorised Representative (No. The actual administration fee that applies to you may vary depending on your employer. Elizabeth Street Pick the industry you work in. Maxxia may pay and receive commission or rebates in connection with some services and products it provides or arranges to be provided by third parties. Most people could reduce their taxable income by salary packaging a few everyday expenses. Let your salary drive you further. All salary packaging proposals are subject to the requirements of your employer. Salary negotiations involve discussing a job offer with a potential employer to settle on a salary and benefits package that’s in line with the market … 299054). Depending on your industry and your employer, you may be entitled to pay for certain expenses with your pre-tax salary. ITCs (refund on GST) are excluded. Falling out of touch with what makes a strong employee remuneration package can cost your business dearly. Salary Packaging with Eziway lets you maximise your income by minimising the tax you pay, leaving you with more money in your pocket for the things you love. Our calculator can take the guesswork out of salary packaging and give you a guide to your potential savings. The ATO allows you to salary package a variety of benefits depending on the industry you work in, your employer and the items they have selected to offer as part of their policy. Your hours. The more common benefits include transportation allowance, clothes allowance, representation allowance, and the … Salary packaging is an option. You can salary package the interest you pay on your mortgage for the house you live in, in a Remote Area. Depending on your employer, the industry you work in and certain individual circumstances, the benefits you may be able to package include car repayments, work-related devices, mortgage and rent payments and everyday expenses including utility bills. More information To find out more about your salary packaging options contact either RemServ on 1300 30 40 10 or SmartSalary on 1300 218 598. Salary packaging – or salary sacrifice – is a popular way to access the fringe benefits some employers allow, such as superannuation, motor vehicles, health insurance and school fees. Hassle free with one, all inclusive fortnightly payment. A remuneration package is the complete offering your company gives to employees. Select your industry group from the tabs below. A great price on your new car. If you … A Better Title. Select your industry group from the tabs below. This includes your salary package or wages, rewards and any employee benefits packages. Select your industry to view eligible benefits. If you qualify for the remote… More info. Let’s face it: the title “secretary” just isn’t sexy. You don't need to be a big earner - if you pay income tax, you could boost your disposable income through salary packaging. To confirm what benefits are available to you, simply enter your employer details below. You can salary package : Removal… More about this benefit Renter? Discover how you could benefit with RemServ Salary Packaging. - Any -. Increase your take home pay and take the hassle out of salary packaging and novated leasing so there is less worry, and more time for living. Enter the dollar amount you would like to package for the remainder of the current FBT Year (1 st April - 31 st March). For example, while the employer may not have budgeted enough for your ideal salary range, they may be willing to offer equity in the company to make the compensation package more attractive to you. The type of organisation you work for determines what benefits you are eligible to salary package. Can a Not for Profit Employee Salary Package a Vehicle? Living away from home due to work? Administration fees will apply. What are the benefits I could salary package? Our calculator can take the guesswork out of salary packaging and give you a guide to your potential savings. If your employer is reputable, they will be able to come up with a range of benefits that you can choose from. Planning a holiday or event? We recommend you obtain independent financial advice before making any financial decisions.Eligibility criteria and terms and conditions apply. Example: “I am seeking a position that pays between $75,000 and $80,000 annually, but I am open to negotiate salary depending on benefits, bonuses, equity, stock options and other opportunities.” Two salary packaging administrators, RemServ and SmartSalary are responsible for the management of Queensland Health employees' salary packaging arrangements. Salary Packaging enables you to spend a portion of your pre-tax salary on everyday expenses, meal entertainment benefits, as well as many other items. Salary packages typically include your base salary as well as additional benefits, incentives or rewards, such as superannuation, annual and sick leave, car allowance or bonuses. Your benefits and savings will vary depending on your personal objectives, financial situation and needs. Privacy Statement: Maxxia is committed to protecting the privacy and rights of its customers. Salary Packaging Options. The types of benefits and the amount you can salary package depends on your employer and industry you work in. In addition to salary packaging a motor vehicle, you can also salary package some other common items that you may already be paying for out of your take home income each month, including: – 1 x Mobile Phone – 1 x Laptop – 1 x IPad – Your home internet.

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