Salary Packaging Service

Salary Packaging is an Accountability1 speciality and it can help you save literally thousands of dollars a year with the minimum amount of administrative effort and input from your employer.

In essence, it's a way for you as an employee to receive part of your gross salary in a form other than take-home pay. Some of this is sacrificed in return for non-cash employer provided benefits. The value of these depend on:

• The type of benefit
• How the benefit is provided
• The fringe benefit status of the employee

This is where Accountability1's expertise really counts. We can help you choose fringe benefits that are either zero rated for tax or charged at less than Pay As You Go rates. And one of our key strengths in this area is our partnership approach to salary packaging negotiation and administration.

We offer a full service for employers and employees that ensures all business and human resources objectives are met, but our main emphasis is on putting the employee in full control, from implementation through to FBT year-end processing.

See the difference Salary Packaging can make:

Name: John Smith
Organisation: Profit Pty Ltd

	Before	After	Change	Benefit
Gross:	$60,000.00	$60,000.00	-
Packaging:	$0.00	$20,000.00	-
Taxable:	$60,000.00	$40,000.00	$20,000.00
Tax:	$12,000.00	$6,000.00	$6,000.00
Medicare:	$900.00	$600.00	$300.00
Pay packet:	$47,100.00	$33,400.00
Packaging:	$0.00	$20,000.00	-
Fee:		$0.00	-
Net package:	$0.00	$20,000.00	$20,000.00
Take home pay:	$47,100.00	$53,400.00	$6,300.00	$6,300.00 extra

Why not find out how Accountability1 could help you improve your employment conditions by contacting us today?