Why should I Salpac

Why should I Salary Package with TFM?

If you think salary packaging is just for big earners - think again. Anyone who earns a salary can keep a little more to themselves because of laws that allow employees to replace some of their cash income with items like laptops and car leases.

What is Salary Packaging?

Salary packaging is an arrangement between you and your employer, which allows you to sacrifice some of your salary in return for a benefit of the same value. By paying for this benefit with pre-tax dollars, you reduce your taxable income and therefore increase your disposable income.

When you salary package using pre-tax salary, you reduce your taxable salary, therefore reducing the amount of Pay As You Go (PAYG) tax you pay. To offset this reduction in PAYG tax, the Australian Taxation Office (ATO) levies another tax called Fringe Benefits Tax (FBT).

What can I Package?

There are many ATO approved items you can include in a salary package, although the choice will depend on the FBT status of the organisation you work for, as well as the items your employer has selected for inclusion in their salary packaging program.

Click a link below to view items available under each employer category.

Your employer is a Public or Private not-for-profit Hospital or a Public Benevolent Institution

Your employer is an Independent School

Your employer is a Rebatable Organisation i.e. independent school, scientific institution, trade union or employer association

Your employer is a Corporate or Government entity

Salpac: making it easier - Application

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Telephone: 1300 888 870
Fax: (03) 9525 2949

To discuss all your salary packaging requirements, please call us between 9am and 5pm Monday to Friday AEST on 1300 888 870