| Salpac is a national salary packaging organisation that enables employers to offer the benefits of salary packaging to employees in all sectors of the business community.
Non-cash employee benefits are becoming more important in recruitment, and are seen as a useful tool for attracting staff.
Salpac assists employers to attract and retain quality staff by offering more attractive remuneration packages, without necessarily increasing total employment costs.
By administering salary packages for your employees, Salpac removes the stress of daily queries, the maintenance of records and statutory reporting from your payroll and HR team, and lets them get on with their work! All reporting of GST and FBT is completed by Salpac and is provided to employers monthly, quarterly or annually.
Packaging cars with novated lease agreements removes the need for motor vehicles to be on the company's asset register and therefore increases working capital.
The Salpac program works as a user pay system, so once it is set up, the employer has no ongoing costs.
As an outsourced supplier of salary packaging services, the Salpac implementation team takes full responsibility for educating employees on the benefits of salary packaging and the options available to them.
Salpac then works with individual employees to tailor a package to suit their needs.
The valuation of any benefit depends on:
1. the type of benefit;
2. how the benefit is provided; and
3. the fringe benefit tax status of the employer.
By being interposed between the employer and the employee, Salpac provides a confidential source of information on packaging for employees wishing to explore their options without initially approaching their employer directly. |
