If you have regular expenses for a fixed amount, we can pay for one or more of these on your behalf. These can include your mortgage or rent, any loan payments, and even school fees.
There are many different general living expenses you can include as long as you stay within your salary packaging limit.
If you have regular expenses but the amount varies (such as your credit card), you can still include this in your salary packaging. But instead of us paying this on your behalf, you make the payment and lodge a claim so that we can pay the money back to you from your pre-tax salary.
A flexible Everyday Purchases card
The easiest and most flexible way to salary package is to have your funds added to an Everyday Purchases card. If you choose this option, you don’t need to decide how you are going to spend your money; it’s simply added to your card, and you pay for things whenever you need them. This can be groceries, bills, clothing and just about anything else. It works like a Visa debit card and can be used worldwide, wherever Visa is accepted.
Your Salary Packaging Limit
If you work for a qualifying organisation, such as a charity or Public Benevolent Institution (PBI), you can salary package up to $15,900 per Fringe Benefits Tax (FBT) year for everyday expenses such as your mortgage or rent, bills, shopping and petrol. If you work for a public or private not-for-profit hospital or the ambulance service, the annual limit is $9,010. As it’s deducted from your pre-tax salary, it significantly reduces your annual tax bill.