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 the client
- Reduce your administration costs of salary disbursement
- Eliminate the need for highly trained FBT and GST specialist staff
- Accurately meet the need for compliance/reporting
- Reduce your payroll tax and work cover premium
- Control the process by working with our team
Benefits for your employees
- Staff retention by offering workplace benefits
- Supports ‘employer of choice’ initiatives
- Reduces administrative and operational costs
- 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
Click here to view what Salary Packaging means for your employees.
We streamline administration
We make it easy to move your business onto salary packaging. We work with your payroll team to:
- Establish payroll cut off and transactional dates
- Set-up banking arrangements (including timeframes for transactions)
- Provide detailed individual and collective salary packaging breakdowns to facilitate easy funds distribution
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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