Salary Packaging Services

What is Salary Packaging?

Salary packaging is an alternative way of being paid remuneration. A portion of the gross salary is sacrificed in return for non-cash, employer provided benefits.

The basic principal of salary packaging is to provide choice in how individuals are remunerated. Salary packaging effectively reduces the taxable portion of the remuneration, resulting in less tax being deducted and an increase in the net take home pay.

Some items that can be salary packaged include:

•  Living Away From Home Allowance (LAFHA)
• Mobile phones
• PDA’s
• Laptops
• Expenses relating to home office
• Work related self education expenses
• Motor vehicles (Novated Leasing)
• Additional contributions to complying, registered superannuation funds over and above those paid the employer
• Fees for professional memberships and subscriptions to professional associations

GN awayPay tailors a fee structure applicable to the type of salary packaging that is suitable for each individual. To obtain a quote or to discuss what salary packaging options may be beneficial to you please contact our office by phone 02 8022 8000 or click here.