Category Archives: Not-for-profit

01 Apr 2015

  Happy new (FBT) year! 1 April marks the start of the 2015/2016 FBT (Fringe Benefits Tax) year, here’s a quick look at what the new year could hold for you: New threshold amounts If you work for a public hospital, a private not-for-profit hospital or a Public Benevolent Institute (PBI) you are entitled to a number of tax-free items each year. These items include living expenses, rent and mortgage payments and are capped at either $9,010 or $15,900 for 2015/2016 depending on your employer. To see how much you are entitled to, check your balance and see your salary packaging reports log in Read More

16 Mar 2015

  The Fringe Benefits Tax (FBT) year runs from 1 April-31 March, this is the period during which some of your salary packaging benefits are calculated, and the year end is fast approaching – here’s a few tips to make sure you get the most out of your allowance: Living Expenses Card If you work for a not-for-profit organisation and you have a Smartsalary Living Expenses/Everyday Purchases Card you will need to spend all of the funds on your card by 31 March 2015 to maximise your tax savings. What can I spend on my card? You may want to Read More

09 May 2014

. Many of our customers are nurses, doctors, midwives and hospital workers. Here’s a look at their top five salary packaging benefits: 1 -Living Expenses Public hospital workers are able to set aside up to $9,010 of their pre-tax salary each FBT year (1 April-31 March) for items such as rent, mortgage repayments, groceries and utility bills. This is one of the most popular benefits for those working in the not-for-profit sector. 2 -Meal Entertainment Meal Entertainment allows hospital employees to pay for their restaurant meals with pre-tax dollars. Like living expenses, they just need to set aside a nominated Read More

01 Apr 2014

Happy new (FBT) year! 1 April marks the start of the 2014/2015 FBT (Fringe Benefits Tax) year, here’s a quick look at what the new year could hold for you: New threshold amounts If you work for a public hospital, a private not-for-profit hospital or a Public Benevolent Institute (PBI) you are entitled to a number of tax-free items each year. These items include living expenses, rent and mortgage payments and are capped at either $9,010 or $15,900 for 2014/2015 depending on your employer. To see how much you are entitled to, check your balance and see your salary packaging reports log in to Read More

13 Mar 2014

  The Fringe Benefits Tax (FBT) year runs from 1 April-31 March, this is the period during which your salary packaging benefits are calculated and the year end is fast approaching – here’s a few tips to make sure you get the most out of your allowance: Living Expenses Card If you work for a not-for-profit organisation and you have a Smartsalary Living Expenses Card you will need to spend all the funds on your card by 31 March 2014 to maximise your tax savings. What can I spend on my card? You may want to pay your bills in Read More

07 Mar 2014

Workplace Giving with Good Return

Workplace Giving with Good Return

  Workplace giving allows people to make donations to charity from their pre-tax salary, and is something Smartsalary customers have been doing for the past year for one of our charity partners Good Return. Good Return is a not-for-profit organisation, who offers microfinance loans to women in poverty in the Asia Pacific region, loans which help women expand their businesses and grow their income. So far our customers have raised almost $3000; with most loan requests being less than $350 that money has helped around ten women and their families to help themselves out of poverty. Women like Katea, who is using Read More

26 Aug 2013

  The Australian Bureau of Statistics published stats this month showing that overseas trips for Australian residents are at an all-time high. In 2012-13, 8.4 million Australians took a trip abroad, almost three times as many as 2002-2003. Whether we’re getting more adventurous or just fed up with rainy summers, we’re making the most of our holiday time, with 58% of overseas journeys being holidays. (Visiting friends and family and business travel make up the other 42%) Here’s the top 5 destinations we visited in 2012-13:                 With the rising cost of fuel, airfares can Read More

15 Aug 2013

1913-2013 A Century of Healthcare

1913-2013 A Century of Healthcare

It’s National Science Week across Australia this week and schools, museums and tourist attractions are all taking part in events to celebrate. This year’s theme is ‘A Century of Australian Science’, and as many of our customers work in the Healthcare sector we thought we’d take a look at how the industry has evolved over the past 100 years: Ambulances – from horse-drawn carts to Mercedes-Benz vehicles with the latest life saving technology, our modern day ambulance service has evolved tremendously over 100 years. It’s a good job too, these days, in NSW alone the Ambulance Service respond to a Read More

09 Apr 2013

About Prince Henry’s Institute of Medical Research Australia’s leading centre for translational hormone and reproductive health research, Prince Henry’s Institute (PHI) is an independent not-for-profit medical research institute located at Monash Medical Centre in Melbourne. Using a combination of fundamental laboratory research and clinical trials and studies, PHI researchers are working to improve patient care and quality of life through the investigation of hormones and their role in reproductive health and diseases such as cancer, cardiovascular disease, obesity, Parkinson’s disease and osteoporosis. PHI in a snapshot: – PHI has over 160 staff including a team of world-class scientific research staff, administrators Read More

12 Mar 2013

There’s been a lot of talk in the media lately about the salary packaging concessions available to employees in the public hospital and not-for-profit (NFP) sectors – largely focused on whether or not they should be reduced, or scrapped altogether. Unfortunately, the debate fails to educate the public about how these concessions work and why they deliver important benefits to our public hospitals and charities. We want to provide some clarity about what these concessions mean, and why they’re so important to these sectors. So, what’s a salary packaging concession? Put simply, these concessions allow employees of some charities and Read More