A: Salary Packaging is an ATO approved method of restructuring your salary by reducing the tax you pay and increasing your net take home pay.
A: Salary Packaging means your wage arrives in two parts, the first is your ‘sacrificed’ amount and the second is your usual wage paid by your employer.
A: The ATO caps the amount of money an employee can package in standard benefits depending in which sector they operate. Annually, these caps are $9,010 net ($17,000 grossed-up) for Public Hospital employees and $15,900 net ($30,000 grossed-up) for Charity & PBI employees.
A: The Eziway Administration System does the hard work in keeping your program compliant. All you need to do is provide substantiation and supporting documentation to Eziway.
A: Substantiation is evidence of an expense. The ATO requires proof of spend for all salary packaging benefits and stipulates what documentation is acceptable for each benefit type.
A: The ATO includes your Reportable Fringe Benefit Amount (RFBA) when calculating your HELP Repayment Income. Your RFBA is recorded on your pay summary at tax time to show how much you salary packaged for the period. By salary packaging, you may be elevated to a higher repayment threshold and be required to repay more. In nearly all cases the savings achieved through salary packaging far outweigh any increase in HELP repayments you may be required to pay owing to salary packaging.
A: Eziway’s all-in-one Salary Packaging Card gives employees access to their pre-tax funds at the point of sale when paying for two popular benefits—Living Expenses and Entertainment Benefits. When you make a transaction, the vendor’s merchant code directs the charge to the appropriate account.
A: Order a new card online in seconds. Login to the Eziway website (eziway.net.au) using your username and password. From the Account Dashboard choose ‘My Card Information’ > ‘Eziway Card Services’ > ‘eziway SalPac Card Application’.
A: There is a once off card issue fee of $8.80 and a fortnightly fee of $1.94 thereafter.
A: Entertainment Benefits consists of Meal Entertainment and Venue Hire expenses that can be packaged above your standard cap and up to a maximum of $2,649 per FBT year (1 Apr–31 Mar).
April 1st - March 31st every year
It is important that the deductions made from your Salary are substantiated and reported on within the current FBT year for you to receive your full FBT Benefits.
In most cases, no. Eziway will communicate with you if any claims, substantiations or balances are remaining.
If you have not claimed the full Meal Entertainment benefit in the current FBT year (April 1 - March 31) the residual balance will be considered part of the following FBT year. For example, if you work in the PBI Sector and have $100 unspent from the Meal Entertainment Cap in the 23/24 FBT year, the maximum new deductions for capped benefits for the 24/25 year will be $2,549, rather than $2,649
If you have unspent funds on your Eziway card you are encouraged to spend the balance by 11.59 PM AEST March 31 or purchase an FBT card. Any unspent funds will be considered part of the following FBT year beginning April 1. For example, if you work in the PBI Sector and have $100 unspent from the 23/24 FBT year, the maximum new deductions for capped benefits for the 24/25 year will be $15,800, rather than $15,900
The FBT card is a Mastercard® single load Prepaid Card that can be used for purchases at approved merchants. You can purchase the FBT Card for the remaining balances on your Salary Packaging/Living Expenses Cards. Each FBT card has a maximum limit of $2,000 and must be used in the following FBT year
A: Salary Packaging is an ATO approved method of restructuring your salary by reducing the tax you pay and increasing your net take home pay.
A: Salary Packaging means your wage arrives in two parts, the first is your ‘sacrificed’ amount and the second is your usual wage paid by your employer.
A: The ATO caps the amount of money an employee can package in standard benefits depending in which sector they operate. Annually, these caps are $9,010 net ($17,000 grossed-up) for Public Hospital employees and $15,900 net ($30,000 grossed-up) for Charity & PBI employees.
A: The Eziway Administration System does the hard work in keeping your program compliant. All you need to do is provide substantiation and supporting documentation to Eziway.
A: Substantiation is evidence of an expense. The ATO requires proof of spend for all salary packaging benefits and stipulates what documentation is acceptable for each benefit type.
A: The ATO includes your Reportable Fringe Benefit Amount (RFBA) when calculating your HELP Repayment Income. Your RFBA is recorded on your pay summary at tax time to show how much you salary packaged for the period. By salary packaging, you may be elevated to a higher repayment threshold and be required to repay more. In nearly all cases the savings achieved through salary packaging far outweigh any increase in HELP repayments you may be required to pay owing to salary packaging.
A: Eziway’s all-in-one Salary Packaging Card gives employees access to their pre-tax funds at the point of sale when paying for two popular benefits—Living Expenses and Entertainment Benefits. When you make a transaction, the vendor’s merchant code directs the charge to the appropriate account.
A: Order a new card online in seconds. Login to the Eziway website (eziway.net.au) using your username and password. From the Account Dashboard choose ‘My Card Information’ > ‘Eziway Card Services’ > ‘eziway SalPac Card Application’.
A: There is a once off card issue fee of $8.80 and a fortnightly fee of $1.94 thereafter.
A: Entertainment Benefits consists of Meal Entertainment and Venue Hire expenses that can be packaged above your standard cap and up to a maximum of $2,649 per FBT year (1 Apr–31 Mar).
April 1st - March 31st every year
It is important that the deductions made from your Salary are substantiated and reported on within the current FBT year for you to receive your full FBT Benefits.
In most cases, no. Eziway will communicate with you if any claims, substantiations or balances are remaining.
If you have not claimed the full Meal Entertainment benefit in the current FBT year (April 1 - March 31) the residual balance will be considered part of the following FBT year. For example, if you work in the PBI Sector and have $100 unspent from the Meal Entertainment Cap in the 23/24 FBT year, the maximum new deductions for capped benefits for the 24/25 year will be $2,549, rather than $2,649
If you have unspent funds on your Eziway card you are encouraged to spend the balance by 11.59 PM AEST March 31 or purchase an FBT card. Any unspent funds will be considered part of the following FBT year beginning April 1. For example, if you work in the PBI Sector and have $100 unspent from the 23/24 FBT year, the maximum new deductions for capped benefits for the 24/25 year will be $15,800, rather than $15,900
The FBT card is a Mastercard® single load Prepaid Card that can be used for purchases at approved merchants. You can purchase the FBT Card for the remaining balances on your Salary Packaging/Living Expenses Cards. Each FBT card has a maximum limit of $2,000 and must be used in the following FBT year
