04 Sep 2014

Make a saving this Father’s Day!

Make a saving this Father’s Day!

1 : Father’s Day is almost upon us this year, if you’re stuck for ideas on what to buy your favourite man, here’s how your salary packaging can help: Treat him to dinner If you have a Smartsalary Meal Entertainment card, take your Dad out for a tax-free dinner this Sunday! So long as you are dining in a restaurant, cafe or pub/club you can salary package the whole expense with your Meal Entertainment card. But remember – you can’t just take Dad out for a few drinks, you must be lining your stomachs too! Take him to see his Read More

13 Aug 2014

City2Surf 2014

City2Surf 2014

0 . Every year thousands of people come together in Sydney for the world’s largest fun run – the City2Surf. It’s something that we love to be part of at Smartsalary, and this year we joined forces with Fighting Chance and formed ‘The Fighting Chance Runners & Rollers’.  Fighting Chance are a not-for-profit organisation who work with young adults with disabilities in Australia. Their aim is to provide opportunities for meaningful social participation, employment and skill development to young people with the most significant disabilities in our community. On Sunday morning 84,000 people gathered in Hyde Park for the iconic race, there were people dressed as Read More

22 Jul 2014

Top 5 Smartdiscounts Retailers

Top 5 Smartdiscounts Retailers

1     Everyone loves a saving right? Smartsalary customers not only save money through salary packaging, they can also use our Smartdiscounts program* to save money and earn cashback from hundreds of Australian retailers. Over the last 18 months thousands of our customers have signed up to the program, making the most of discounts both online and in stores. Here’s a look at the five most popular retailers: Save 5% in Coles stores (except for Coles Express) when you purchase Coles gift cards through the Smartdiscounts website. You’ll save 5% on the cost of your gift cards and they’ll be delivered to Read More

1 : 1st July marks a new financial year and as a result of the Federal Budget a few things will be changing for 2014/15. Here’s a look at how salary packaging will be impacted: Superannuation There are caps on the amount you can pay to your superannuation fund each year through concessional (pre-tax) contributions. This year the superannuation concessional contributions cap will increase to $35,000 for employees aged 50 and over and to $30,000 for those under 50 years of age. This means up to an extra $10,000 allowance for superannuation packaging compared to last year. So the caps for the 2014/15 Read More

29 May 2014

0 The salary packaging world can be a bit confusing, and the technical terms don’t help matters! Here’s a look at some of the jargon you may come across and a brief explanation of what each term means: Salary packaging – also known as salary sacrifice, salary packaging is an Australian Tax Office (ATO) approved way of restructuring your income. It enables you to buy a range of everyday items out of your pre-tax salary rather than your after-tax salary – leaving more money in your back pocket. Threshold or cap – employees of a public health service, medical research institute, aged Read More

1 Here’s a video overview of the 2014/15 Federal Budget from our Senior Tax Adviser Simon Ellis:

09 May 2014

2 . 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 Read More

05 May 2014

Submitting claims, made easy

Submitting claims, made easy

3 . Good news for our novated lease customers – the Smartsalary app just made it even easier for you to submit your claims! No need for paper forms and sending in receipts – now you can do it all through your phone. Simply: – Complete the expense details in the app – Take a photo of your receipts with your phone camera – Submit your claim – Track the progress of your claim This function is currently available in the iPhone app, the android version is in development and is planned to be released within the next month. What can be claimed? Read More

01 Apr 2014

0 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 Read More

13 Mar 2014

-1   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 Read More