So you’ve taken the first step and started thinking about joining the not for profit industry. Aside from the wonderful benefits of having passion and purpose every day, let’s talk about the unique offering that only applies to the not for profit industry.
Salary Packaging!
The Australian government provides not for profit organisations with generous tax concessions to attract and retain a valuable workforce.
Organisations included in this generous entitlement are:
One of the concessions for these organisations is exemption from Fringe Benefits Tax up to the following capped thresholds;
What does this mean to you when applying for a role in the not-for-profit industry?
It simply means, that a portion of your annual gross salary can be salary sacrificed to reduce your overall taxable amount and increase your take home pay.
Here are some examples of the potential tax saving structures:
What if I have HECS or Government Payments?
HECS and Australian Government Payments (e.g. Family Tax Benefit A & B) can often feel like a barrier to Salary Packaging.
We help you to understand, calculate and simplify these barriers. Just as you would go to a surgeon for an operation, you come to Eziway for Salary Packaging.
Eziway have created simple and easy to use tools to guide you through the complexity of Salary Packaging and show you any impacts on your Salary.
NFP Salaries vs Private Sector Salaries
At first glance, your $50,000 private sector salary may seem loaded with benefits, however it’s important you understand your gross salary equivalent when considering a role in the Not for Profit industry.
To calculate your private vs not for profit sector salary, use our calculator below
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