Complete solutions for all Not For Profit organisations
National Salary Packaging exists to
We not only look after every benefit available to you, but we also work with you to provide solutions that will enhance your employee benefits program
No matter what size your organisation is, we have software, systems and benefits available to help run a successful employee financial wellness and engagement program.
- We provide complete administration and management services.
- We provide Beyond Bank Credit Cards for all the benefits.
- We have NDIS Worker Screening Clearance Cards to hold in house lunch and learn sessions.
A Government and ATO driven incentive
The Australian taxation laws provide generous tax concessions for not for profit organisations within an FBT year (1 April to 31 March). You are able to pass on to your employees a proportion of their wages as reimbursement of personal expenses tax-free, depending on your FBT status.
This will determine if no income tax or FBT is payable in this money.
- Type in your ABN and scroll down to the Charity tax concession status.
- You will see FBT Exempt or FBT Rebate.
Employees can salary package items up to $15,900 p.a. without paying any FBT or Pay As You Go (PAYG) Tax. This works out to be $611.50 per fortnight
Employees can salary package up to $15,900 p.a. without paying any PAYG tax, but there will be a percentage of FBT payable. If the FBT is a lower amount than your PAYG then there is a benefit to you.
The information provided here does not offer a complete overview of applicable taxation methods. The examples shown do not use or consider any individuals own financial circumstances at all. All users must not rely on or consider any results generated as personal taxation advice. NSP is not licensed to provide taxation advice and recommend you seek independent financial advice. Salary Packaging will adjust your salary amounts and may, in some instances, be unsuitable for some employees.
1.TAX FREE benefits available
You can spend this tax-free money on everyday living expenses for example:
- Credit card
- School fees
- Personal loans
You can spend this tax-free money on:
- Entertainment, Events, Weddings etc
How much extra money can my employees I take home by taking up both these benefits?
2. Vehicle Benefits that will save your employees thousands of dollars
As you know, vehicles can be a big expense, and if not purchased, financed or insured correctly, can end up costing you a lot of money unnecessarily!
We are your go-to, Vehicle & Finance specialists with over 30 years of helping people save time, money and effort, ensuring the best-fit vehicle solution for your situation, so you drive can your vehicle for less.
Explore all your vehicle finance scenarios & options to see if a novated lease or an Asset car loan is the best solution for you to drive your car for less.
- Wage: $70,000
- Laptop Value: $2,000 (includes GST) will only cost you $1,018.18
- Salary Sacrifice Tax Benefit: $800
- Plus GST Input Credit: $181.82
- SAVING YOU: $981.82