What are the benefits?
Prosperity Salary Packaging works to maximise the advantages of your salary package, which can enhance your lifestyle, reduce the amount of PAYG tax that you pay and allow you to take home more cash at the end of the day.
If you want to take advantage of a Federal Government incentive that will save you money, then Prosperity Salary Packaging can help you. With the cost of your selected benefits taken out of your pre-tax income, salary packaging will provide immediate tax savings.
How it works
Arranging salary packaging is easy.
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Nominate the benefit(s) that you would like to package.
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Your employer deducts the relevant amount from your pre-tax salary.
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Tax will then only apply to your remaining income.
Save money
By reducing your taxable income, you will reduce the amount of income tax that you pay, which means more money in your pocket.
Salary packaging provides an opportunity for you to access direct savings in your regular pay. Paying or reimbursing your nominated benefits before tax means the savings can be used in a variety of ways, including:
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make extra payments towards your mortgage
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have extra cash each pay
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improve your lifestyle
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take advantage of investment opportunities.
Salary packaging makes saving money easy. Click here to preview some examples of those salary packaging and how much money they are saving!