Using SalaryMasters to manage your company’s salary packaging has many benefits;

• Your organisation is viewed more favourably by employees
• The administration costs of salary disbursement are reduced
• There’s no need for highly trained FBT and GST specialist staff
• There’s no need for compliance management or reporting
• Your payroll tax and work cover premiums may be reduced
• You maintain control over the process of salary packaging
• The burden of remuneration planning is taken out of the administration process, reducing your costs.

The money employees save by reducing their taxable income has the potential to build loyalty and positivity among staff – with no financial or administrative impact on your organisation. Because SalaryMasters can take care of every aspect of the set-up and administration of salary packaging arrangements, your finance department only needs to initiate the payroll deductions, and it’s done.

As long as your organisation allows it, any employee can salary package, but it depends on your FBT status as to whether or not there will be any expenses exempt from FBT. Public hospitals, charities, religious organisations and private schools are all types of employers who may be eligible for discounted or thresholds of FBT exempt expenses.

Using SalaryMasters to manage your company’s salary packaging has many benefits;

• Your organisation is viewed more favourably by employees
• The administration costs of salary disbursement are reduced
• There’s no need for highly trained FBT and GST specialist staff
• There’s no need for compliance management or reporting
• Your payroll tax and work cover premiums may be reduced
• You maintain control over the process of salary packaging
• The burden of remuneration planning is taken out of the administration process, reducing your costs.