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SALARY PACKAGING means using some of your pre-tax salary to pay for benefits offered
by your employer such as a personal car, a laptop computer, additional superannuation
contributions, meal entertainment, and general living expenses.
Laptop / Portable Electronic Device
One laptop, PDA [Tablet and Mobile Phone] can be packaged per Fringe Benefits Tax (FBT) year (1 April
to 31 March). The device must be primarily for work use to be eligible for salary
packaging. more...
Superannuation
Packaging superannuation is where additional contributions are made from your pre-tax
salary into a complying superannuation fund of your choice. more..
New and Used Cars
Salary packaging allows your employer to make the lease payments and running costs
for your novated lease car using a combination of your pre-tax and after tax salary.
This could dramatically reduce your taxable income and therefore the tax you pay.
Meal Entertainment
Meal entertainment does not need to be work related; the reason for the meal and
those you enjoy a meal with do not have to be related to your employment. more...
Living Expenses (for Hospitals, Charities and Not for Profit employers)
This benefit enables you to package most of your living expenses, such as electricity,
gas, water, shopping, holidays, electrical goods, even haircuts! You are eligible
to package your living expenses to the capped amount as prescribed by the Australian
Taxation Office (ATO). more...
Mortgage (for Hospitals, Charities and Not for Profit employers)
Mortgage repayments can be packaged for the residence that you occupy and payments
made directly to the financial institution. more...
Rental Payments (for Hospitals, Charities and Not for Profit employers)
Rental payments can be packaged for the residence that you occupy, whether in part
or full and must be made directly to your real estate agent or landlord or by reimbursement
of payment you have made. more...
The first step is to evaluate your employer’s offer to salary package to see how
you can benefit. This means exploring the items on offer and how they fit with your
lifestyle and spending patterns.
Have you used the Paradigm calculator to
get an idea of the available savings?
Need assistance? Contact Paradigm. The Paradigm
team will work with you to identify the salary packaging options and the savings
that could benefit you. The team will assist you to set budgets, become familiar
with the evidence required to package various benefits and explain how it all works
from the selection of benefit items to salary deductions and payments.
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