1300 889 669
Salary Packaging is an entitlement granted by the Federal Government to all workers that allows you to take part of your income as a tax-free benefit. Importantly Salary packaging is a proven legal method for increasing your net pay.
With your employers consent you can structure your salary to provide for a number of approved items to be deducted from your salary on your behalf each pay day.
How does Salary Packaging increase my net salary?Here’s how:
This salary structure effectively reduces your taxable income, decreasing the amount of income tax you pay. Less income tax means an increase in your take home salary.
Our online calculators will help you calculate precisely how much you gain from Salary Packaging. Alternatively call our friendly Customer Service staff for more information. Toll free 1300 889 669
The categories of items you can salary package will vary depending on who you work for. See the list of or the items in the table below.
For information regarding all detail for your salary packaging, including account balances and payments, you have secure internet log on to the SPG site to access to your account, available 24/7 days a week
Alternatively you can speak with our friendly Customer Service staff during office hours on toll free 1300 889 669
Public Benevolent Institution (PBI): A not-for-profit organization whose principal goal is the provision of services directly to disadvantaged people.
Hospital: A public hospital or private hospital operated by a not-for-profit organization.
Rebatable: Employers that are certain non-government, not-for-profit organizations eligible for a rebate of the amount of FBT.
Commercial: Most businesses, organizations and Australian Governments and Government departments.
Contact our friendly Customer Service staff if you are unsure of your employer’s status.
PBI, Hospital and Rebatable employees can also salary package directly to the SPG MasterCard which provides maximum flexibility to access your monies. You can spend your BEFORE TAX monies at any retail or service provider accepting MasterCard payment.
Salary Package your CarWith your the employers consent, all employees can salary package a car. Salary Packing a vehicle via a Novated Lease is an Australian Tax Office approved structure which has significant benefits to many employees across a wide spectrum of organizations.
Car Packaging works in much the same way as Salary Packaging – by paying for vehicle payments and running costs from the employee’s pre-tax salary. Important to note the car is registered and insured in the employee’s name, no business use is required and the employee does not have to be the main driver.
Employees reduce their taxable income and therefore the amount of tax they pay each pay day, which increases their net pay, providing in effect a pay rise. In addition to PAYG tax savings, employees benefit from significant GST savings on the purchase price of the vehicle and running costs of the car such as fuel, tyres, servicing etc.
Employees are also able to gain access to SPGs fleet buying power. The fleet discounts for virtually all new cars are significant. A no obligation fleet pricing service is available for employees to compare pricing.
Many employees appreciate the opportunity to drive their car of choice, best suited to their personal situation and needs.
In the event of the employee moving to another organization the cars stays with the employee. The new employer may take over the Novation or the driver simply continues with the finance arrangement until the end of the lease.
Call SPG and discuss your particular situation for detail as to the benefits you can access. Toll free 1300 889 669