Salary Packaging

Are you ready for seamless salary packaging?

Offering a rewarding salary packaging program is the core component of engagement and recruitment strategies for many organisations across Australia. But what does it take to administer such a program, and do you have the resources to make it work?

Partnering with a Smartgroup company to deliver your salary packaging program is an extremely cost-effective way to both reward your employees and take the pressure off your internal teams. We’ll work with you to build an effective program, and fully mange its administration, keeping you free to spend more time on other meaningful work.

What is salary packaging?

Salary packaging is an Australian Tax Office (ATO) approved incentive that allows employees to increase their disposable income by paying for certain expenses from their pre-tax income, and at no cost to their employer.

The ATO determines the makeup of each salary packaging benefit and the employee groups entitled to receive them. In turn, organisations decide which benefits they’ll make available to their employees.

For employers, salary packaging is an extremely cost-effective way to help attract and retain high-calibre staff, effectively helping to reduce the cost of recruitment, lowering staff turnover and increasing employee satisfaction.

Employees love these salary packaging benefits
Superannuation
Voluntary contributions into a super fund (on top of the super amount paid by the employer).
Motor vehicles
Known as novated leasing, salary packaging a car allows employees to save thousands, by paying a significant part of the finance and running costs using pre-tax dollars.
Portable electronic devices
Enables employees to make significant savings on laptops, tablets and mobile phones used mostly (51%) for work.
More ways to help your employees save
Education and information
These benefits allow employees to reduce the cost of industry memberships, news services and magazines, as well as support self-education.
House and family
Benefits employees may be eligible to package include childcare, relocation expenses, remote area housing, living away from home allowance and home office expenses.
Employee perks
Tax savings on items obtained for work, such as company products and services or car parking.
Transport and travel
These include expenses incurred while travelling for work, such as airline lounge membership, meal and accommodation expenses, taxis, and travel for training and education.
Tools and equipment
Tax savings on items purchased for work, including mobile phones, tablets, briefcases, calculators, computer software, work-related equipment, and uniforms.
Finance items
Personal financial expenses, including income protection insurance, interest on investment loans, deductible repairs to investment properties and financial and taxation advice.

Special care for the carers in the PBI sector

Also known as Public Benevolent Institutions (or PBIs), not-for-profit organisations such as research institutions, charities and public hospitals can offer staff these additional salary packaging benefits:

  • Meal entertainment
  • Living expenses
  • Loan and mortgage repayments
  • Rent
  • Credit card repayment and other bills

How can we help your organisation thrive?

Let’s start by aligning you with your Smartgroup industry specialist.