You get to pay for certain expenses out of your salary before it’s taxed, which could reduce your taxable income and the tax you have to pay – increasing your take-home pay. What you can salary package depends on your employer and the industry you work in, as well as your employment status.
Reduce your taxable income
Boost your take-home pay
Simple and ATO-approved
Popular benefits
Popular benefits for corporate employees
Here are some of the benefits others in the corporate industry use to maximise their earnings. Use the salary packaging calculator to see what you could save.
Save on your next car with a novated lease
Salary package a car you love with a novated lease and you could save thousands, especially with an electric vehicle.
Below are some of the benefits your employer may offer – there could be many more. Use the calculator to see where you can save.
Financial and taxation advice
Want to save in other ways and increase your wealth? Save on the costs of professional advice that can help you achieve your goals.
Airline lounge
Airline lounge membership makes work and personal travel easier and more enjoyable, and you could salary package the cost.
Self-education
Studying to get ahead in your career? Education costs relating to your current job and field – including courses at school, Tafe or university, seminars and textbooks – could come out of your pre-tax income.
Income protection
Income protection can save worry about what happens if you can’t work because of sudden injury or illness. By salary packaging it, you could also save on income tax.
Childcare
If you have access to employer-provided childcare, salary packaging the cost can make it more budget-friendly.
Work-related expenses
Save tax on home office items used exclusively for work, and portable electronic devices used mainly for work.
Remote area benefits
If you live and work in an area the ATO classes as ‘remote’, you may be able to salary package house-buying costs, mortgage interest or rent.
As a Smart™ customer, you get access to a range of additional rewards on top of the benefits you salary package. These include discounts on some of Australia’s leading brands and access to our financial wellness partners’ services, all at no extra cost.
This is general information only. Before entering into any salary packaging or novated leasing arrangement, you should consider your objectives, financial situation and needs, and seek appropriate legal, financial or other professional advice based upon your own particular circumstances. The availability of benefits is determined by your employer. Conditions and fees apply. Smartsalary Pty Ltd, ABN 24 096 796 100, a SmartTM company.
A portable electronic device can only be salary packaged if it is used primarily (over 50%) for work purposes. Tax savings achieved through salary packaging will depend on your income tax bracket and personal circumstances.
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