Salary Packaging Services Explained - Salary Sacrifice Australia

Who is Eziway Salary Packaging?

For over a decade we’ve been at the forefront of developing systems and providing service offerings to the not-for-profit sector including charities, public health, community and disability service providers.

We developed an industry leading software and dedicated service model, which is designed to manage this complex tax arrangement.

Our cloud-based administration system, developed in-house, provides faultless salary packaging services. Organisations can tap into its power via our equally sophisticated online portal and app, which provides transparent, real-time data and interactive account functionalities.

What is Salary Packaging?

Salary Packaging, also known as Salary Sacrificing, is an ATO approved workplace benefits program, which serves as a value proposition for both employers and employees. As an Employer, Salary Packaging goes a long way to retaining your most valuable asset, your staff. As an Employee, Salary Packaging lets you minimise tax and maximise your income.

What can I Salary Package?

Salary Packaging is an ATO-approved method of restructuring your gross salary in order to pay less tax. As an employer, the ATO gives you generous tax benefits that you can then pass on to your employees.

The benefits available depend on your Employer’s Salary Packaging Policy and may include:

• Mortgage repayments
• Rent payments
• Personal loans
• Credit Card repayments
• Portable devices
• Novated Car Leases
• Remote living costs
• Entertainment expenses
• Venue hire

What are the benefits of Salary Packaging?

Some of the benefits include being able to salary package certain lifestyle benefits or other various expenses such as your mortgage, rent, car or personal loan or credit card repayments.

With Eziway, our consultants can tailor a salary packaging arrangement based on each employee’s personal circumstances that aims to reduce their taxable income and increase their take home pay based on your organisation’s policy and industry.

Salary Packaging services for FBT-exempt Australian employers, including program outsourcing, novated leasing & licensed software.

Salary Packaging is an ATO approved method to restructure your income by reducing the tax you pay, increasing your take home pay which allows you to do more with your income. With Salary Packaging, your employer pays you the same salary but instead of paying all of your expenses after you've been taxed, you pay for selected expenses before the tax is taken out. This lowers your taxable income and helps you pay less tax.

Our clients soon realise that the Eziway Administration System (EAS) is unique in the industry. EAS is a financially-rated account administration and Salary Sacrifice Calculator platform designed to manage the most complex salary packaging arrangement, FBT-exempt employers.

It was developed by Eziway Software Development and is enhanced daily onsite to ensure our service remains compliant, efficient, transparent and auditable. It supports not only the faultless administration of all accounts by our staff, the transparent real-time reporting of every client’s program, but also makes self-service by employee clients a reality; it is impossible to create or amend an arrangement that is outside the caps-based compliance framework.

Salary Packaging is simple. It just means your wages arrive in two parts. The amount you package against living expenses which is reimbursed to you from pre-tax wages. This is your fringe benefit payment made by eziway. The rest of your salary is processed by the Payroll section where you work. Usually this means your normal salary and packaged portions arrive in the bank on consecutive days.

For more details visit: Eziway.net.au

Eziway is one of the Top Salary Packaging Company in Australia that manages Salary Sacrifice packages for employees nationally.