The Trusted Salary Packaging Solution with Care

Normally an employee’s salary and wages are taxable income and subject to tax. However, if you work for a not-for-profit organisation, such as a charity or a public hospital, there is a tax concession. This means that employees can earn a portion of their salary and wages tax-free.

The Australian Taxation Office set a limit. For charities and not-for-profits in sectors such as aged care, disability support, community services and medical research, the limit for general expenses is $15,900. For public hospitals and ambulance services, the limit for general expenses is $9,010. General expenses include rent and mortgage payments, school fees, other loans and credit card repayments. Accessing the tax concession is commonly referred to as ‘salary packaging’.

In addition to general expenses, employees can salary package $2,650 for dining (meal entertainment) and holiday accommodation expenses.

Normally an employee’s gross earnings are fully subject to income tax and the appropriate tax (PAYG) is withheld.

When an employee salary packages, the employer calculates the employee’s gross earnings each pay and deducts the salary packaging money from the gross earnings. Tax is only payable (withheld) on the reduced gross, so less tax is deducted. GO Salary pays the (tax free) salary packaging money and payroll pays the balance of an employee’s earnings. As a result of salary packaging, the employee has a higher net take-home pay each pay period.

For employees, the benefits are obvious. Less tax is paid, which increases the employee’s take home pay every pay period. For employers, salary packaging can have a very positive impact on employee attraction, retention and morale. It is an offering which benefits all parties.

GO Salary is a team of professionals dedicated to providing a salary packaging solution with care. GO Salary provides our clients not only the best level of service, but also genuine care to each employee. That is what employees deserve. We provide our salary packaging services exclusively to not-for-profits.

GO Salary also has industry leading technology to complement our personal service care. Just like online banking, employees are ‘in control’ as they access our fully interactive salary packaging system. Our objective from the ‘get go’ was to innovate. In particular, listen to the wants, needs and expectations of the not-for-profit sector. The feedback from FBT exempt organisations was that a salary packaging service needs to be more innovative and ‘current.’ Further, it should be much more than just simply payments and compliance. The service should be a total care and a wellness approach to the needs of organisations and their employees. This is why GO Salary was created.

We only service not-for-profits. We have a great understanding and empathy for the services they provide. Likewise, we provide a salary packaging solution with care, called ‘GO Care.’ Every employee is treated with the same standard of care that they deliver to their own clients.

The GO Salary team is comprised of friendly and highly skilled, qualified professionals. Collectively, they have over 100 years of salary packaging experience. We even have a Chartered Accountant with a Masters in Taxation. That gives our clients great comfort.

Technology complements our services. Clients have access to our salary packaging functions, communications and documentation 24/7. Our technology is just like using online banking. Easy, efficient, and informative. Once you use it … you can’t live without it!

GO Salary’s combination of service excellence and online interactivity is why we are an increasingly popular choice for not-for-profits. For more information, request an informative 20-minute live demonstration of our system and we can discuss your salary packaging requirements.