Benefits
Salary packaging can be offered to all employees within a business. Be an employer of choice and use salary packaging to increase the appeal of your organisation, or use it as a tool to boost existing employee retention.
Benefits for employees
- Provides options and flexibility to employees
- Support employees’ lifelong goals
- Provide a salary packaging advantage, allowing maximum disposable income for employees
- Increase salary benefits through access to pre-tax income
Benefits for employers
- Staff retention by offering workplace benefits
- Supports ‘employer of choice’ initiatives
- Reduces administrative and operational costs
- The potential for reduction in certain employment tax on-costs
- Can help reduce Fringe Benefits Tax (FBT) liability
- Accountability and transparency by timely reporting and record keeping
- Dedicated Salary Packaging team
What you need to know
As an employer, you may be liable to pay Fringe Benefits Tax (FBT). We can help you calculate your FBT based on your business type. The following lists FBT types:
Full Paying FBT Including
- Corporate
- Government
FBT Exempt Including
- Public benevolent institutions
- Health promotion charities
- Public hospitals
- Non-profit hospitals
- Public ambulance services
FBT Rebate Including
- Certain registered charities
- Certain non-government and non-profit organisations
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