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Not For Profit Salary Packaging - Salary Sacrifice Australia - Eziway

Author: Eziway Packaging
by Eziway Packaging
Posted: Jul 18, 2021

Eziway Not-For-Profit Salary Packaging Specialists

If you are looking to get the most out of your hard-earned money, salary packaging, also known as salary sacrificing, may benefit you by lowering your taxable income to pay less tax. Tax is deducted before you receive your pay and this pre-tax contribution from your income can be used to pay for living expenses and everyday items, giving you an immediate tax benefit and more money in your pocket.

Salary packaging for not-for-profit industries in Australia is one of the biggest benefits that come with the job. Not-for-profit employees are also eligible for higher-level discounts and cost exemptions that are not available to private organisation sector employees.

At Eziway, we like to make things simple. Whether you are an employee who would like to maximize your income by minimizing tax, or an employer who understands the value of retaining your most valuable asset, Eziway delivers this and more...

Eziway is different. How? We were the first to provide employees with a self-service App in 2008. We are technology innovators; our purpose-built system ensures that our clients enjoy a faultless salary packaging experience. Eziway has served FBT-exempt organizations since 2007. Of our more-than 300 clients nationally, 98% of them are FBT-exempt, this means our service model is tailored to you.

Eziway has set the tempo in salary packaging for outstanding customer service and innovation for 14 years.

Our DNA: Make salary packaging easy to understand, easy to set-up and make changes easy like internet banking.

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: https://eziway.net.au/

About the Author

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

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Author: Eziway Packaging

Eziway Packaging

Member since: Feb 21, 2019
Published articles: 12

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