How could salary packaging stretch your salary further?
With certain things paid out of your income before tax, it reduces your taxable income and the amount of tax you have to pay, leaving you with more for the things that matter. What you can salary package depends on your employer and the industry you work in, as well as your employment status.
Salary package expenses you already pay for
Save on income tax, increase take-home pay
Simple and ATO-approved
Popular benefits
Popular benefits in the Private Education industry
Below are some of the preferred ways others in the Private Education industry maximise their earnings. Use the salary packaging calculator to see what you could save.
Get big tax savings on a car
A novated lease is a simple and cost-effective way to buy and run a car, and you could save thousands each year in income tax.
You could salary package major expenses like mortgage or rent payments and utilities, up to a cap of $15,900each Fringe Benefits Tax (FBT) year (1 April - 31 March).
Below are some of the benefits your employer may offer – there could be many more. Use the calculator to see where you can save.
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.
Portable electronic devices
Staying connected costs much less if you can salary package devices you use mainly for work, like a tablet, phone, or laptop.1
Want to save in other ways and increase your wealth? Save on the costs of professional advice that can help you achieve your goals.
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.
Work-related expenses
Save tax on home office items used exclusively for work, and portable electronic devices used mainly for work.
Investment loan interest
You may be able to salary package the interest costs on an investment loan if that loan is used for income-producing purposes like shares or property.
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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