No one likes paying more tax than they have to, right? Which is why over 99,500 healthcare workers like you currently salary package with Maxxia. How does it work? Put simply, salary packaging means you can pay for everyday expenses including groceries, utility bills and mortgage or rent repayments using your pre-tax salary. Using pre-tax money means you could reduce your taxable income and with some of these expenses already taken care of, it could leave you with more money for the things that are important to you, giving you more freedom.
Watch our video to learn more about salary packaging.
With capped benefits there’s a limit to how much you can salary package each Fringe Benefits Tax year (1 April – 31 March).
Those everyday living expenses sure add up, but with salary packaging you can pay for them before you get taxed!
The Meal Entertainment benefit lets you salary package the cost of meals when you eat out, meaning you could save every time you dine with friends and family at restaurants, cafes, pubs, clubs and bistros. The $2,650 cap is over and above the cap for everyday living expenses, so it’s a great way to get even more from your salary. Until March 31, 2021 the ATO has also approved the use of the Meal Entertainment Benefit for takeaway and home delivered meals purchased from restaurants that, as of 1 March 2020 would have accepted your Meal Entertainment card, if you were able to dine in. This includes some meals ordered through delivery platforms such as Deliveroo, Menulog and Uber Eats, where they deliver for the permitted restaurants.*
*The Meal Entertainment Benefit has a maximum annual cap limit of $2,650. This will appear as a reportable fringe benefit on your Payment Summary each year which will be included in a number of income tests relating to certain government benefits and obligations. This cap is separate from the FBT cap limits for everyday living expenses.
Don’t work in a major city? If you live and work in an area that the ATO classifies as remote, you might be eligible for remote area benefits that cover the cost of interest you pay on your mortgage; rent you pay an estate agent, private party or employer; electricity or gas; and, purchasing a property or land to build a home.
On top of the capped benefits, you can also take advantage of a range of uncapped benefits.
Novated leasing allows you to pay for your car with some of your pre-tax salary (over and above any that you use for capped benefits) – and potentially lower your taxable income.
New or used, we can help you find the car you want and negotiate with dealers to secure a great price financed by Maxxia that doesn’t include GST or any upfront fees^. You can even salary package your own car in many circumstances through a Lifestyle Lease.
Once you’ve decided on the car you want we will set up a salary packaging account. Then we can arrange a budget for your lease repayments and running costs like fuel, registration, insurance and maintenance. The cost of everything is bundled into one regular payment drawn from your salary each pay.
^The amount financed with Maxxia is the amount we pay to acquire the vehicle to lease it to you. If you purchase the vehicle on termination of the lease, GST is payable on the purchase price you pay at that time.
You could save more for your retirement by salary packaging additional super contributions, and topping up the payments your employer makes on your behalf.
When you work, continuous learning is important. So it makes sense to pay for your self-education expenses with before tax dollars, provided they relate to your current employment.
You could also salary package any professional memberships as well as the cost of your work-related newspapers, journals or magazines.
From home office items and travel costs to electronic devices and working from home expenses, you might be surprised at the range of work-related expenses you could be eligible to package.
As one of Australia’s largest salary packaging providers, we’ve specialised in providing workplace benefits for over 30 years, delivering tax savings that help our customers do more with their money.
We make salary packaging simple and easy
For most people, understanding the financial benefits of salary packaging can be daunting. Our experts break it down simply for you - providing charts, calculators and videos that are simple to use and easy to understand.
We’ll guide you through the process – we’ll identify the products that best suit your lifestyle and save you the most money, and tell you exactly how much you could expect to save by salary packaging with us.
Our commitment to provide unparalleled customer service has driven us to become Australia’s largest salary packaging provider - meaning you can be confident you’re in safe hands with our experts.
We let you interact with us how you want
New self-service digital channels giving you flexibility and choice in how you interact with us from Maxxia Online through to our handy Mobile App.
Important Information: This general information doesn’t take your personal circumstances into account. Please consider whether this information is right for you before making a decision and seek professional independent tax or financial advice. Conditions and fees apply, along with credit assessment criteria for lease and loan products. The availability of benefits is subject to your employer’s approval. Maxxia may receive commissions in connection with its services.
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For Maxxia Wallet customers: Maxxia Wallet is issued by EML Payment Solutions Limited ABN 30 131 436 532 AFSL 404131. Maxxia Pty Ltd ABN 39 082 449 036 is an Authorised Representative of EML Payment Solutions Limited, Authorised Representative number 000278683. This information about the Maxxia Wallet is general in nature and does not take into account your personal objectives, needs and circumstances. You should consider the appropriateness of the information having regard to your personal circumstances and consider the Product Disclosure Statement page before making any decision to acquire the product. Read the PDS at live.maxxia.com.au/pds for more information. Mastercard and the Mastercard brand mark are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated.
