Salary Packaging



What is salary packaging?

 

Salary packaging is an arrangement between you and your employer whereby you give up some of your income in return for other workplace benefits of a similar value.

This means you can pay for workplace benefits with money set aside from your salary before it gets taxed.

By paying for workplace benefits with pre-tax dollars, you could reduce your taxable income and increase your disposable income.

Your employer will offer a range of benefits you can access if you choose to salary package some of your regular wage.

To find out how much you could save, just use our online calculator or call our Customer Care Centre on 1300 123 123.

 

 

What kind of workplace benefits can I package?

 

The most popular benefits you can package include superannuation, laptops (primarily for business use), cars and work-related expenses.

Some employer groups, such as hospitals or charities, can salary package their mortgage repayments, electricity and gas payments, credit card bills and meal entertainment.

Check your Employee Information Guide for the types of workplace benefits available. You can download from this website.

 

 

How do I pay for benefits through salary packaging?

 

Your employer offers a range of workplace benefits administered by Maxxia.

After you sign-up with us, your payroll department sends your agreed pre- tax contribution to your Maxxia Salary Packaging account each time they pay you. They send the rest of your pay to your nominated bank account as usual. PAYG tax is applied to this portion of your salary.

We then use your pre-tax dollars from your Maxxia Salary Packaging account to pay for your chosen benefits according to your instructions.

If you would like to take advantage of possible tax savings, you can start a salary packaging account with us by calling our Customer Care Centre on 1300 123 123.

 

 

What does it cost?

 

We look after your salary packaging for a small fee which is paid out of your pre-tax dollars.

Check your Employee Information Guide for details about fees.

Salary packaging fees do not contribute towards any applicable capping threshold and do not attract Fringe Benefits Tax (FBT).

 

 

How do I check my salary packaging account balance?

 

A quick way to check your account balance is to go to the login section of this website in the main menu to access our private site. You will need your User Name and password.

Can’t find your password? Just click on the ‘Forgotten Password’ link to arrange for your password to be sent to you.

 

 

What happens if I change employment?

 

You must let us know four weeks before you leave your employer.

Just call us or email info@maxxia.com.au a month before you cease employment and we will do the rest.

 

We will reconcile your package to ensure that any surplus or deficit on benefits is accounted for, and the correct Fringe Benefit Tax has been calculated and properly charged to your account. Any surplus funds will be returned to your employer and treated as taxable income.

 

How do I find out more?

 

Call Maxxia’s Customer Care Centre on 1300 123 123 during business hours 8.00am – 7.00pm EST or email us at info@maxxia.com.au. We’re happy to help you. 

 

How do I get a delegate to sign my application form?


If you are in the metropolitan area just return your form to maxxia at SA office. All you need to do is sign the form and we will look after this process for you.

If you are unable to get to our office, you will need to refer to your workplace intranet for a list of current delegates at url (wording to be confirmed by SA).


What do I do once my application form is signed?


Once the application form is signed by your delegate, return the form to us in our reply paid envelope and we will process your application. If you have any further questions with regard to this process call us on 1300 123 123.


How can I start SP with Maxxia?

 

You can call us on 1300 123 123 and we’ll send your forms pre completed for you to sign. Or if you’d like to discuss salary packaging arrangements personally, call us for an appointment 08 84618555.


Do you have a local office?


Yes. 150 Gawler place. Drop in.


Is the Maxxia Insurance benefits part of the SAGSSA Agreement?


No. As a Maxxia customer you have access to this (use miniguide wording)


Who can salary package?


You can check your eligibility in our mini guides, which are available here.


Can casual employees salary package?


You can check your eligibility in our mini guides, which are available here.


Do I still need to renew my contract every year?


No. Your salary packaging agreement will be in place until May 2011. You will need to renew your contract by 31st May 2011.


I'm a health industry employee. Can I Salary Sacrifice over my $9,095?


Yes. You can package additional superannuation contributions, work related expenses, a novated lease, financial advice related to salary packaing.


Is salary packaging a car a part of my $9,095 benefit?


No. This is above the capped limit.