Paywise provides a convenient way for employees to access potential tax benefits through salary packaging. This involves paying for eligible expenses using pre-tax salary, which in turn could reduce the amount of tax you pay and leave more in your pocket. From everyday living expenses, to dining out, rent, or your mortgage, our expert team work with your employer on your behalf. This could help reduce the amount of tax you pay and increase your take-home pay, depending on your circumstances – so you have the money to do the things you really love in life! It’s that easy.
Salary packaging is easy thanks to Paywise.
What is Salary Packaging?
Salary Packaging is a simple way of using your pre-tax salary to pay for certain expenses before your income is taxed – it can reduce the amount of tax you pay and leave more in your pocket, depending on your circumstances. So you have the money to do the things you really love.
Let’s have a look at how your pay is calculated without salary packaging, and how it’s calculated with Paywise salary packaging set up:
Why choose Paywise?
Since 1989, we’ve been dedicated to providing a simple solution for both employees and employers across the country. Now, as one of the leading salary packaging providers in Australia, we’ve helped thousands of employees salary package their way to enjoying real savings. Find out how we can help you!
Items you can salary package with Paywise
The items you can salary package depends on your employer and industry, but our range of salary packaging benefits includes the following:
Cars
Through salary packaging, we offer a cost-effective and convenient way to pay for the purchase and running costs of your car. We can negotiate competitive pricing, plus you could benefit from GST savings on the purchase price and running costs, depending on your circumstances.
Living Expenses
Pay for your general living expenses like groceries, bills, clothing and more from you pre-tax salary. And it couldn’t be easier with your Paywise digital card!
Mortgage Repayments
Under this benefit you can pay your mortgage repayments for the property you live in from your pre-tax salary! Payments are made directly to the lender – how easy is that?
Rent
Life is easy when you can pay your weekly rent directly from your Paywise account. And using pre-tax salary means you could unlock potential tax savings!
Meal Entertainment
Dine out with your pre-tax salary with our Meal Entertainment benefit! Eligible employees can package $2,650 per year which can be spent at cafes and restaurants (dine-in only).
Portable Electronic Devices
Salary package your portable electronic devices including mobile phones, laptops, smart watches and tablets and you could unlock tax and GST savings!
Accommodation and Venue Hire
Access potential tax benefits when salary packaging eligible accommodation or venue hire expenses. A wide range of accommodation types are eligible, from B&Bs to cruise ships, and from caravan parks to 5-star hotels!
Airport Lounge Membership
Eligible employees may be able to save on Airport Lounge Membership through salary packaging.
Airport Parking
If you are a FIFO worker you may be eligible to tax benefits by salary packaging the cost of airport parking.
E-bikes
Salary packaging your e-bike is easy through Paywise, you’re able to package the cost of an e-bike that you use for work related travel.
FIFO Travel
Employees who work in a remote area may be eligible to salary package the cost of airfares to and from your usual place of residence to your workplace.
Other Deductible Benefits
Expenses you would otherwise be entitled to claim as a once-only tax deduction without incurring FBT, such as income protection insurance, professional subscriptions, financial advice or home office expenses.
Paywise Card
Access your salary packaging funds via the Paywise Card which can be used at eligible merchants where Mastercard is accepted. Our digital card allows you to enjoy your tax-free funds without a physical card.
Card fees apply.
Relocation Benefits
Salary package eligible costs associated with employer-mandated temporary or permanent relocation to access potential tax benefits.
Remote Area Benefits
Salary package up to 50% of your remote total rental costs without incurring FBT. Those with a mortgage in a remote area can package interest costs and access a 50% reduction in FBT.
Self-education
Salary package fees, books and equipment for education related to your job, including courses at educational institutions, seminars or conferences, self-paced learning or study tours.
Superannuation
Salary package additional superannuation contributions, which could provide tax benefits and help grow your retirement savings, depending on your circumstances.
Workplace Giving
Paywise can work with employers to enable staff to salary package donations to selected charities.
Am I eligible for salary packaging?
If you are employed by an organisation that has agreed to work with Paywise to provide employee benefits, then you are eligible for salary packaging. What you can salary package and how much can be packaged is dependent on your industry and employer. Choose your sector below to get an idea of the benefits available.
Get in touch!
To find out exactly what your entitlements are and how much you’ll save, please contact us.
Potential benefits, savings and tax outcomes will vary depending on individual circumstances. Before making a decision you should consult your independent legal, taxation and financial adviser for advice relating to your personal circumstances. Terms, conditions, eligibility criteria and fees and charges apply.