What is Salary Packaging and why should I do it?
Pay less tax and potentially enjoy more spending money
You may have heard people talking about salary packaging and even when they try to explain how it works, it might all seem quite complicated and perhaps even a little too good to be true. Does the ATO really allow you to pay for some everyday items using pre-tax income? Yes, they do. It’s 100% true (Refer to the ATO Salary sacrifice and salary packaging page for more information).
As a full-time, part-time or casual employee of the Government of South Australia, you could be eligible to pay for certain expenses – which may include car repayments, work-related laptops, tablet, self-education, disability and income protection insurance and, subject to your employer, mortgage and rent payments – with your pre-tax salary. This reduces your taxable income, meaning you could pay less tax and increase your disposable income.
Your department or agency will offer a range of benefits you can access if you choose to salary package some of your income. And contrary to popular belief, you don’t have to be a big earner to benefit – if you pay income tax, you could save tax and boost your disposable income.
We take the guesswork out of salary packaging
Want to know how much you might reduce your taxable income by through salary packaging?
Sign Up to Salary Packaging, Your Way
Maxxia’s Online Signup is the easiest and quickest way to start salary packaging. Click on the video to view our step by step guide on how to sign up to Maxxia salary packaging.