Salary packaging is an Australian Tax Office approved way of restructuring your income. You can pay for a range of everyday items out of your pre-tax salary rather than your after-tax salary, leaving more money in your back pocket.
By effectively salary packaging, you can increase your take home salary by thousands of dollars each year. Just take a look at the benefits:
| Not Packaging | Packaging | |
|---|---|---|
| Gross Salary (per fortnight) | $2,640 | $2,640 |
| Salary Packaging | $ 446 | |
| Gross salary after salary packaging | $2,194 | |
| PAYG Tax & Medicare | $ 492 | $ 348 |
| Take Home Pay | $2,148 | $1,846 |
| Salary Packaging | $ 446 | |
| Disposable Income | $2,148 | $2,292 |
Example calculation has been based on fortnight deduction $346.00 Threshold and $100 Entertainment Benefits. Income tax rates are for the financial year 2024-25.
Full-time and part-time employees can salary package their regular base salary. Casual employees can salary package up to 80% of their income.
Prior to starting salary packaging, we encourage all employees to seek independent financial advice - it is an employees responsibility to do this.
There are costs involved in Eastern Health administering all your salary packaging arrangements. The amount will depend on the benefit packaged and it is paid from your pre-tax salary.
For more information on costs, refer to Eastern Health’s Salary Packaging Employee Information Guide or contact us on 03 9955 1222.
Find out how Salary Packaging could affect your HELP Debt, Centrelink and Child Support payments here.
See your savings instantly using the Salary Packaging calculator.
As an Eastern Health employee you can salary package a variety of expenses from your pre-tax salary!
Salary Package your everyday expenses including; Mortgage, Rent, Credit Card, School Fees and Private Health Insurance!
The PBI Solutions EML Mastercard allows you to make everyday purchases using your pre-tax salary anywhere Mastercard® is accepted; including petrol stations, super markets, takeaway food vendors and clothing retailers.
You can use your EML Card when dining at restaurants, cafés, pubs, bistros and hotels. As well as accommodation expenses at hotels, through travel agencys and online booking sites such as AirBnB and Booking.com.
Be reimbursed with your pre-tax salary for Entertainment expenses such as; dining out with friends or family and holiday expenses in Australia or overseas.
Make tax savings and discounts on your car and related running expenses
Bundle finance and running costs into one easy payment on payday
Lease a new or used car
Choose the lease term that suits your budget, from one to five years
Pay less tax when you salary sacrifice additional superannuation as you save for retirement.
You may be able to salary package a portable deivice such as a laptop, tablet or mobile phone potentially saving you hundreds.
Salary Package your work-related expenses such as trade subscriptions, membership fees and your EH Uniform.
Want to undertake further learning? You may be able to claim your professional development expenses.
Whether you travel for work or personal, you can salary package your airline lounge membership.
Simply download and complete the form today.