Unlock the benefits of salary packaging

Discover our suite of solutions to maximise the value of your income.

 

 

 

Salary packaging

Salary packaging is a smart way to maximise your income by allowing you to pay for certain expenses with pre-tax dollars. This can significantly reduce your taxable income and increase your take-home pay. At SG Fleet, we offer tailored salary packaging solutions that cater to your specific needs, whether it’s for remote area benefits, vehicle leasing, or other eligible expenses. Our expert team is here to guide you through the process, ensuring you get the most out of your salary packaging arrangements. Discover how you can enhance your financial wellbeing and enjoy greater savings with our comprehensive salary packaging services.

How does it work?
Salary packaging, or salary sacrifice, enables you to benefit by making pre-tax payments from your salary for everyday expenses. This includes items such as cars (novated lease), devices, and tools. The benefit of paying for these items with a pre-tax deduction is that you only get taxed on the income received after the cost of salary packaged items is deducted. This in turn lowers your taxable income, meaning you pay less tax.

SG Fleet makes salary packaging easy – helping you access tax savings with maximum convenience and minimal cost. We’ll work with your employer to restructure your salary payments so you can use pre-tax dollars to pay for a range of everyday expenses, effectively reducing your taxable income and saving you on income tax. There are many items that the Australian Tax Office (ATO) allows most employees to package, but the final selection is dependent on your industry and your employer’s salary packaging policy.

 

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Application and approval process

1
Enquire online
A salary packaging expert will contact you to confirm your eligibility and provide you with an application form. 
2
Review & approve
We’ll assess your application and any supporting documentation and let you know what the next steps are.
3
Enjoy the savings
Your employer will commence your salary deductions and your benefit will start. We’ll take care of the payments while you take advantage of the savings and convenience.

Additional salary packaging options

Airline lounge membership
Laptops and tablets
Superannuation
Onsite childcare
Work related education
Airline lounge membership
This benefit allows you to salary package the annual fee charged for purchasing your airport lounge membership. By salary packaging the cost of your airport lounge membership fee, you could pay for the incurred costs using your pre-tax salary, thereby reducing your taxable income and potentially saving you on income tax.  

Additionally, you could save the GST on your membership fee because input tax credits for the GST portion may be claimable by your employer. A salary sacrifice arrangement for airline lounge memberships is an exempt fringe benefit and is therefore not subject to any additional Fringe Benefit Tax (FBT).  

  • Program Conditions:  
    • Please check your employer’s benefits policy to confirm your eligibility for this offering. Other than providing a tax invoice to substantiate your claim, no declaration is required as this is an exempt benefit for FBT purposes.
This benefit allows you to salary package the cost of a laptop, tablet, notebook or PDA, that you must use primarily for work purposes. By salary packaging the cost of your device, you could pay for the incurred costs using your pre-tax salary, thereby reducing your taxable income and potentially saving you on income tax. Additionally, you could save the GST on your device cost because input tax credits for the GST portion may be claimable by your employer. A salary sacrifice arrangement for these devices is an exempt fringe benefit where certain conditions are met and is therefore not subject to any additional Fringe Benefit Tax (FBT). 

  • Program Conditions:  
    • Your device must be purchased with the intention that you primarily use it for work purposes, and you can only generally claim one device per FBT year (1 April through 31 March, each year). You cannot additionally claim a tax deduction for the depreciation of the device. Please check your employer’s salary packaging policy to confirm your eligibility for this offering. 
If you’re looking to boost your superannuation nest egg, your employer might allow you to salary sacrifice additional voluntary concessional contributions.  

You can salary package additional voluntary pre-tax superannuation concessional contributions, which will only be generally taxed at 15% in your complying superannuation fund, whereas your gross salary foregone would have been otherwise taxed at your marginal tax rate.  

A salary sacrifice arrangement for additional concessional superannuation contributions also does not constitute a fringe benefit and is therefore not subject to FBT.  

  • Program Conditions:  
    • The current cap on concessional contributions is $30,000 for all employees, from 1 July 2024.  
    • This includes the aggregate of any mandatory superannuation contributions that your employer is required to make for Superannuation Guarantee Charge (SGC) purposes, and any additional personal contributions you make after tax or by salary sacrifice.  
    • Where this cap is exceeded by your salary sacrificed contributions, the excess will automatically be included in your assessable income for the year, together with an excess contributions charge.  
    • Please refer to www.ato.gov.au for up to date information, and seek independent tax and financial advice prior to considering this product. Please check your employer’s salary packaging policy to confirm your eligibility for this offering.
This benefit allows you to salary package the cost of childcare services, through an approved facility tied to your employer. By salary packaging the cost of your childcare services, you could pay for the incurred costs using your pre-tax salary, thereby reducing your taxable income and potentially saving you on income tax. A salary sacrifice arrangement for childcare services is an exempt fringe benefit where certain conditions are met and is therefore not subject to any additional Fringe Benefit Tax (FBT).  

  • Program Conditions:  
    • The childcare must be provided on the business premises of your employer, or a related entity of your employer. Business premises are premises used in the operations of your employer. A Commercial Childcare Centre that is operated and managed by a professional provider of childcare facilities and not related to your employer, is not eligible for this program. Please check your employer’s salary packaging policy to confirm your eligibility for this offering.

This benefit allows you to salary package the cost of self-education expenses on the basis that there is a link between the self-education that you undertake and your existing profession. By salary packaging the cost of your self-education expenses, you could pay for the incurred costs using your pre-tax salary, thereby reducing your taxable income and potentially saving you on income tax.

 

Moreover, where the employer reimburses eligible self-education expenses incurred by the employee, that amount will not be subject to FBT where the fee would have been otherwise deductible to the employee (other than for $250 of such costs which will ordinarily be subject to FBT).

 

You could also save the GST charged on any related expenses because input tax credits for the GST portion may be claimable by your employer.


  • Program Conditions:  
    • The self-education must relate specifically to your job and either maintain or improve certain knowledge areas or skills related to your job. If the course of study is too general in terms of your current job, then you would not be eligible for this benefit.
    • This benefit applies to many forms of education including course or tuition fees in attending an education institution, attending a work-related conference or seminar or subscribing to professional trade journals.

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