What is Salary Packaging and How Does it Work? - Eziway

Eziway09 Feb, 2021Finance

Salary Packaging is an ATO approved method to restructure your income by reducing the tax you pay, increasing your take home pay which allows you to do more with your income. With Salary Packaging, your employer pays you the same salary but instead of paying all of your expenses after you've been taxed, you pay for selected expenses before the tax is taken out. This lowers your taxable income and helps you pay less tax. Our clients soon realise that the Eziway Administration System (EAS) is unique in the industry. EAS is a financially-rated account administration and Salary Sacrifice Calculator platform designed to manage the most complex salary packaging arrangement, FBT-exempt employers. It was developed by Eziway Software Development and is enhanced daily onsite to ensure our service remains compliant, efficient, transparent and auditable.

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