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How We Work with
Salary packaging is an Australian Taxation Office (ATO) approved method of paying your employee’s 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, employees will only be taxed on the remaining income. All employees, that have approval, are able to salary package and potentially save thousands of dollars each year.
easisalary partner with you to set up and explain salary packaging in easy to understand terms. We also assist your Payroll Department with applying the packaging schedule and provide assistance with managing the ongoing deductions.
Brad is an HR manager for a charity and earns $130,000. Due to the tax concessions for the charity, he can package a gross up of $30,000 and elects to use that for his mortgage, paying $15,900 per year in pre-tax salary. In addition, he has a private motor vehicle that he wishes to package under a novated lease.
Brad pays for the full running costs and lease payments in pre-tax salary and makes a post-tax contribution to the running costs, which offsets any Fringe Benefits Tax. The total cost of running his car is $15,400 per year. Brad has used the savings to pay off an additional $12,000 on his mortgage.
Salary packaging items available for PBI employers
- Airport lounge membership
- Credit card
- Childcare (employer provided only)
- Financial advice
- Gym membership (In-House)
- Income protection insurance
- Investment loans
- Laptop or Notebook computers (PDAs)
- Meal Entertainment
- Living Away from Home Allowance
- Mobile phone (business use)
- Mortgage Payments
- Novated Lease (ATC)
- Parking (Onsite)
- Professional Subscriptions
- Relocation expenses
- Self Education Expenses
- Union membership
- Work Related Travel Expenses
Your easisalary Business Relationship Manager will explain the employer process and send through the agreement.
You sign off on the employer agreement.
easisalary will take care of generating the required declarations, reports and reconciliations.
You start enjoying increased staff morale and retention.