To say ‘thank you’ for working in the not-for-profit industry, the Australian Government allows you to pay for certain everyday expenses with money from your salary before tax is taken out.
As a full-time or part-time employee at IRT, you can package:
- Up to $15,900 from your salary for everyday purchases on things like rent, mortgage repayments, insurance, utilities, childcare, petrol and groceries.
- Up to $2,650 from your salary for entertainment purchases on things like dining out, entertainment, holidays and leisure activities.
These amounts come out before your salary is taxed, which lowers your taxable income, so you pay less tax but increase your disposable income.*
Other salary packaging options include putting more money into your superannuation to boost your retirement savings and reduce how much tax you pay overall. Novated leasing is another option and can be a great way to get a new or used car and save money on running costs like maintenance, tyres and petrol.
Find out more about Maxxia Salary Packaging here.
*Individual circumstances may vary. Please seek your own independent professional advice.
