Private School
We'll help you make the most of your take home pay
How it works
Salary packaging, or salary sacrifice, is an Australian Taxation Office (ATO) approved method of paying your remuneration package in a combination of cash salary and non-cash benefits, such as cars, living expenses, professional membership fees and extra superannuation. By paying for these items with a pre-tax deduction, you will only be taxed on the remaining income. Anyone who is employed, and has approval, is able to salary package and potentially save thousands of dollars each year.
easisalary partner with you and your employer to set up and explain salary packaging in easy to understand terms. We then assist your Payroll Department with applying the packaging schedule and provide assistance with managing the ongoing deductions.
Meet Sam
Sam works for a private school and earns $85,000. Because Sam works for a not for profit Private School, they get a rebate of 49% on his Fringe Benefits Tax, up to a grossed up cap of $31,177. Sam think this is wonderful news and decides to package some of his mortgage to the total of $1325 per month, which will take him up to the cap. Sam was able to save $5,711 on tax and used this on his mortgage.
Sam’s good friend works for a Government school and earns $90,000 per annum. Through further investigation, Sam has worked out that by packaging he is taking home more than his friend.
Meet Jenny
Jenny is a University Lecturer earning a gross salary of $120,000. Jenny is looking to upgrade to a bigger car and thinking of leasing for three years. Jenny travels 20,000kms a year and she would also like to package superannuation contributions of $7,800 per year and a mobile for $1,800 per annum. By packaging these items Jenny will be able to save $6,212 in tax and will be $155 a week better off.
Salary packaging items available for Private School employees include
- Airport lounge membership
- Credit Card
- Childcare (employer provided only)
- Financial advice
- Gym membership
- Income protection insurance
- Investment loans
- Phones, Laptop or Notebook computers (PEDs)
- Meal Entertainment
- Living Away from Home Allowance
- Mortgage Payments
- Novated Lease
- Parking (Onsite)
- PDA
- Professional Subscriptions
- Relocation expenses
- Rental
- Self-Education Expenses
- Superannuation
- Uniforms
- Union membership
- Work Related Travel Expenses
How it works
Choose a benefit
Get an Instant Quote
Let us handle the paperwork
Enjoy the Savings