Eziway Salary Packaging

SALARY PACKAGING COMPANY AUSTRALIA

Salary Packaging is an ATO approved strategy to rebuild your salary by decreasing the expense you pay, expanding your salary which enables you to accomplish more with your pay.

With Salary Packaging, your boss pays you a similar pay however as opposed to paying the majority of your costs after you've been saddled, you pay for chosen costs previously the expense is taken out. This brings down your taxable income and encourages you make good on less government obligation.

How does Salary Sacrifice Work?

Salary Packaging is simple. It just means your wages arrive in two parts. The amount you package against living expenses which is reimbursed to you from pre-tax wages.

This is your fringe benefit payment made by eziway.

The rest of your salary is processed by the Payroll section where you work. Usually this means your normal salary and packaged portions arrive in the bank on consecutive days.

An example: Bill earns $60,000 per year working for a charitable organisation that allows him to sacrifice $15,900 a year or the first $611.53 per fortnight towards his fixed mortgage repayments. When the employer deducts the fixed capped amount of $611.53 per fortnight in pre-tax form, it effectively reduces your tax by an estimated $210 a fortnight or $5,485 annually. Please note that Susie's ability to salary package is dependent on the industry she works in and the package her employer provides. Contact us to discuss the amount you may be able to salary package given your individual circumstances.

What can I package working for a not-for-profit employer?

• Repayments for your new car
• Car running costs
• Mortgage repayments
• Rental repayments
• Credit card repayments
• Personal loan repayments
• Meals and venue costs
• Laptops & Notebooks
• Phones
• Various costs of living in remote areas