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Paradigm offers a complete salary packaging solution designed to minimise the effort
required to establish and manage salary packaging across your organisation. We work
with you to ensure the salary packaging solution is tailor-made for your requirements.
Our services include:
- Creation of a Salary Packaging Policy for your business
- Developing an implementation plan and managing the implementation
- Management and reconciliation of salary packaging accounts in line with FBT legislation
- Provision of deduction advices to payroll each pay period
- Rollout and ongoing communication with employees
- Collection and retention of substantiation for employee take up of individual benefit
items
- Sourcing and provision of fully maintained and reconciled novated leases
- Online portal for employees to view their packaging arrangements
- A package calculator and benefit information forms
- Training and support to payroll and human resources
- Regular account management meetings
- GST, FBT, and superannuation reporting
Why outsource?
Mitigate the compliance risks associated with salary packaging and make use of the
specialisation and aggregation benefits afforded by Paradigm, allowing you to concentrate
on your core business.
- Keeping up to date with changes in salary packaging legislation is challenging and
resource intensive.
- Outsourcing relieves your organisation of the need to employ resources to keep abreast
of complex salary packaging legislation and its implications
- Outsourcing removes the need to collect and retain compliance documents and substantiation
for all packaging transactions, payments and reimbursements
- Outsourcing allows you to benefit from years of accumulated knowledge and resourcing,
without having to reinvent a benefit administration platform
Calculation of deductions, pre post tax, GST and FBT is complex and formatting for
easy entry to payroll system can be time consuming.
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