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Employee Benefits For PMCC Team Members
Your salary can buy so much more – if you know how.
Be Rewarded For Working Hard
Using your pre-tax salary to pay for things allows you to increase your disposable income and pay less tax – often thousands of dollars less each year.
SALARY PACKAGING options available to you
Your employer has approved the following benefits for you to salary package. Read through the options and contact us to discuss further and obtain an application form.
Additional Superannuation
Extra contributions to your super can be considerably cheaper when you salary package. These are taxed at only 15% instead of your usual tax rate, so additional contributions – up to a certain amount – are a good investment in your future. Speak with us to understand the complexities and discover how to start packaging.
Associate Leases
A little-known way to save on vehicle costs is to set up an associate lease. This allows you to rent a vehicle that’s owned by an associate (eg adult family member) to your employer, who in turn makes the vehicle available to you as part of your employment. Because the running costs are deducted from your pre-tax salary, you won’t pay tax on these. Considerable savings are possible, as your associate may also be able to claim running costs and depreciation as a tax deduction.
Work-Related Expenses
If you salary package a range of expenses related to your work, you can benefit by obtaining the amount immediately, instead of waiting for your next tax return, and also save on GST if your employer allows it. Talk to us about how you could salary package expenses like mobile phones, subscriptions, memberships fees, briefcases and handbags, protective clothing and home office expenses.
Living Away From Home Expenses
If your employer requires you to temporarily live away from home for work purposes, and you incur expenses in doing so that your employer hasn’t reimbursed you for, you can salary package the amounts saving on both income tax and GST.
Financial & Tax Services
If you have an investment portfolio, or you use the services of a financial planner or tax professional, you can package most of the professional fees spent on managing your affairs.
E-bikes
The environmental and exercise benefits of electric bikes are making them increasingly popular. Now you have the opportunity – depending on which company your e-bike comes from – to package an e-bike you use mainly for travel to work, with a novated lease, just like a car, for real savings.
Investment Loan Interest
If you have an investment loan which you fully use to produce income, you can package the interest charged on that loan. You need to be careful about what you claim, as you can only package the interest – not the principal – and only the portion in your name, so talk to us.
Income Protection
If you have income protection insurance to cover your finances if you become sick and are unable to work, salary packaging can cover the cost of the premiums. There are some restrictions on who is covered, so contact us for expert guidance.
Novated Leasing
Often the cheapest way to buy a new or used car is to salary package the vehicle with a novated lease. Use your pre-tax salary to pay a large portion of the vehicle and operating costs – including fuel, registration and insurance – delivers outstanding savings. Plus, you’ll save an extra 10%, as GST is excluded.
Portable Data Devices
Did you know that if you use your mobile phone, laptop, tablet or another portable device substantially for work purposes, you can save a significant sum by salary packaging.
Remote Area Allowance
Living in a remote area? If your employer provides your accommodation, you can salary package your rent. To qualify, your location and your living arrangements need to meet certain criteria laid down by the ATO, so get in touch with us for all you need to know.
Relocation Expenses
If your existing job demands that you move to a new location, the costs of relocation, travel, removals, reconnection of utilities and the services of a real estate agent, may all be salary packaged – but only if you pay the costs yourself.
Work-Related Computer Software
Do you have a need for software on your home computer which is related to your work? This can be salary packaged, saving you the tax and the GST component.
Self Education Expenses
If you are studying for a qualification related to your existing field of employment, you can salary package the full value of your expenses, such as course fees, books, stationery and student union fees.
Airline Lounge Membership
Whether you travel for work or leisure, you can save the income tax and the GST on lounge memberships you pay for yourself. Deductions can even be spread over several pay periods and there’s no limit to how many memberships you can package.
Car Parking
Parking that you pay for at work can be expensive, but there are cases you can salary package the costs. Read on for more detail and how you might be able to save income tax and GST.
Childcare
If your children attend a childcare centre run by your employer, you could include the costs in your salary package. You may also be able to package childcare if the centre is run by an external provider, but this may mean you’re not eligible for government childcare benefits and rebates – so talk to us first.
Living Expenses
Only available to employees in certain sectors, this is a special benefit that could save you thousands per year depending on your circumstances.
Meals
There are some instances where you can package the cost of meals in restaurants and cafes, to ensure they’re tax-free. To make this easy to manage, talk to us about setting up a meals and accommodation card approved by the ATO.
Private Health Insurance
While it is sometimes possible to salary package your private health cover, this invariably attracts Fringe Benefits Tax at the full rate for most employees, so any advantage is negated. However, subject to your employer’s FBT status, you may be able to include the premium with your living expenses benefit. Talk to us for specialist guidance on health insurance packaging.
Work Development Travel
You can save on the cost of any employer-approved travel related to the advancement of your work – such as courses and conferences – if you salary package.
Everyday Purchases
It’s now possible to conveniently salary package your groceries, bills, clothing, holidays and other everyday expenses, by using an everyday purchases card. It works via a VISA debit card, and with very few restrictions on what you can purchase, it can be used almost everywhere VISA is accepted.
Holiday Accommodation & Venue Hire
Yes, it’s possible to package the costs of many kinds of holiday accommodation and save big money. Or if you’re planning a party or function, you can even reduce the cost by salary packaging the venue hire, along with other function essentials, as part of a hire package.
Gym Membership (in-house)
If your employer provides a gym on their business premises, you can salary package the membership fees and save on this portion of your income tax.
Partner With The Experts
At SalaryMasters, we set out to create a richly rewarding experience for every one of our clients, where highly personalised service and astute specialist recommendations deliver extraordinary financial advantages and boost your purchasing power. As one of Australia’s longest-established independent salary packaging specialists, we have the experience and the knowledge in your industry to help you achieve the best in salary packaging.
Speak with one of our specialists; it will take less than 30 minutes and there is no obligation. You’ve got nothing to lose and everything to gain!
We Make Packaging Easy
Program and policy design
Implementation and transition support
Day-to-day support
From your dedicated relationship manager
Fast transaction processing
Payroll management and process automation
Employee education
Communication onsite, online and over the phone.
Check Your Eligibility
Find out instantly how you could save thousands on a new car and other major expenses. Call 1300 303 357 and speak to one of our friendly specialists.
Get In Touch!
Find out how much you can save on a new or used vehicle with a novated lease through SalaryMasters. Enter your details and we will get in touch with you shortly.
