Salary Packaging for Employers
Salary Packaging for Employers
Salary packaging is an Australian Tax Office (ATO) approved method of reducing your employees’ taxable income and increasing their take-home pay.
Facilitated by Benefit@bility, it is an arrangement between you and your employee where part of your employee’s salary is deducted pre-tax to pay for certain expenses, such as cars, mortgage repayments and everyday living expenses. This means that your employee’s taxable income is reduced, as they only pay tax on the remainder of their salary.
Benefit items are restricted to the ones you have approved for use, which can be expanded when you are ready to deploy further benefits.
Proven rollout process
We make use of a proven rollout process to inform employees of salary packaging benefits and where they can obtain further information.
Salary packaging tool
As part of our rollout, we deploy a Self-Service benefit model, an application built for your employees to design their package, based on questions that step them through benefits that will suit them. Wiki’s guide them through each step.
We make use of animated videos for employees to gain a quick understanding of salary packaging and novated leasing.
Should employees want to speak to someone or just get further assistance, our help desk is a telephone away or if they prefer, live chat may provide a quick answer.
Authorisation and compliance process
We manage the authorisation and compliance process on your behalf using electronic signature to track the approval process. All source documents are scanned and stored by ourselves to substantiate benefit items.
Our systems produce contribution files based on your payroll run dates, which can vary to suit your payroll frequency and pay points.
Reporting is automated and generated in PDF, excel and CSV within the required cut-off periods. Yearend reporting is completed by the 21st of April each year and we provide the data to populate your FBT return.
We manage the payment of benefits using EFT , BPay or Pay by Phone.
Employers seeking an efficient approach to salary packaging have found a solution in Benefit@bility. Through our market-leading technology, we have developed Australia’s first (and only) Self-Service salary packaging solution.
Our systems have been designed to allow you to establish your salary packaging employee benefits with ease. We have focused on of the most popular benefit items that add real value to your employees. By using an easy 4-step, Self-Service model, employees are empowered to help themselves save, at their own pace.
Renowned for innovative approach and pricing transparency, we have forged a reputation as one of Australia’s most trusted salary packaging companies. The growth of our business through word-of-mouth recommendations from our customers is testimony to the outstanding level of service we deliver.
We are so confident in our process that we charge our fees based on a percentage of what we save employees. If we cannot save your employees money, then we do not charge a fee.
|For a New Vehicle||Used Vehicle||Exempt and Otherwise Deductible Items||Capped Benefits and Meal Entertainment|
|GST on Purchase||Yes||No||Yes||No|
|GST on Running Costs||Yes||Yes||n/a||n/a|
|Post-tax Deductions||Offset FBT||Offset FBT||Offset FBT||-|
We have introduced self-service to reduce the cost of providing services and to pass on more of the benefit savings to your employees. This model also provides the fastest, easiest way for your employees to salary package. Your employees save in all the following areas;
Popular Salary Packaging Items
We have listed some of the popular benefit items that can be packaged. Depending on your situation, you may be able to package more
Start Saving Now
Complete the Salary Packaging Calculator to work out how much you can save
Submit the calculation to us by completing the form BELOW and selecting submit
We will contact you to ensure we can assist you and answer any questions you have
We will set up your salary packaging so that you can start saving