Employees
Benefits to the employee?
• Increase salary benefits through access to pre-tax income.
• Provides optimum balance between cash salary and packaged benefits.
• The management of Salary Packaging provided by professionals.
• Simple and easy to understand process versus post tax benefits.
• Up to date reporting, providing current package information via a secure log on.
• Reporting website allows for automatic forms and other information downloads.
If an employee is eligible to salary package without incurring FBT then they will have large tax savings, as they can elect to have some of their expenses paid for them by their employer rather than taking cash salary. This not only means that they do not pay income tax on this money, but it may also reduce the amount of tax that they pay on the remainder of their salary if the reduction brings them down into a lower tax bracket.
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All employees, irrespective of their employers will benefit from salary packaging.
Arguably the most attractive item of salary packaging is the ability to package a motor vehicle using a novated lease arrangement.
Employees are encouraged to visit our Novated Lease Calculator and to call our office for further information and advice.
ATF The Wakefield Corporation Trust