Category Archives: Salary packaging

11 Sep 2013

After months of speculation surrounding the latest iPhone model, Apple has announced details of their latest offering, the iPhone 5s and iPhone 5c. Both phones will be available to buy this month and, dependent on your employer you could salary package the cost! What are the new models?   iPhone 5s  The same light design as the iPhone 5 and works twice as fast! Fingerprint sensor technology – the home button now recognises your fingerprint and allows you to unlock the phone and make app store and iTunes purchases. Ultra fast wireless – the 5s supports more 4G LTE bands than ever, 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 May 2013

Treasurer Wayne Swan delivered the 2013/14 Federal Budget in Canberra this week, and it was a good night for salary packaging. Here’s our Senior Tax Adviser Simon Ellis with a post budget video review and a look at how salary packaging will be impacted:

05 Apr 2013

Guest blogger: Scott Plunkett, Smartsalary IT Manager Err, so what does BYOD stand for? Bring-Your-Own-Device (BYOD) is a policy whereby employees can use their own phones, tablets, laptops and so on to do their job, rather than using company supplied equipment. Depending on what role you have in the organisation, you’re probably thinking this is either a fantastic idea or pure insanity! Regardless of where you stand, organisations across Australia have been increasingly asking whether it’s a policy worth implementing – and the debate isn’t letting up any time soon. At Smartsalary we say a resounding YES – BYOD is Read More

  Last year Australians spent an estimated $642 billion on living costs – including $8 billion on beauty and a mere $2 billion on education. According to an infographic from MoneySmart we’re also spending a major slice of our wages on alcohol, cars and gadgets. If you’re one of the few who are spending money on books over Botox, you could be saving as you spend by using your pre-tax dollars to do so.* Self-education expenses, publication subscriptions and professional membership fees can all be salary packaged; so basically you can pay for your educational expenses before income tax is applied 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

05 Mar 2013

A world without poverty

A world without poverty

That’s the vision of Good Return, a not-for-profit organisation that provides microfinance loans to women living in poor, isolated communities across the Asia Pacific region. These loans empower them to start or grow their own businesses – providing financial stability, self sufficiency, and a way out of poverty. In fact, microfinance encompasses not just the provision of a loan, but also access to savings, insurance and money transfer products they otherwise would not have. When the loan is re-paid, the money is put back into the community through the supply of education and skills development programs such as literacy, numeracy Read More

14 Feb 2013

iPad vs iPad mini Infographic

iPad vs iPad mini Infographic

Laptops and tablets are among the most popular items our customers choose to salary package, by paying for them out of pre-tax dollars you can save 30-45% off the cost. Apple iPads are proving extremely popular, especially since the release of the iPad mini at the end of 2012. So which iPad is for you? Take a look at the infographic below, looking at the pros and cons of the iPad mini and iPad with Retina display: So, if cost is an important factor for you and you want to use your iPad on the go – choose the iPad Read More