Each staff member is able to select their own salary packaging benefits only from those offered by their employer. Salary packaging lowers your taxable income and increases your take-home pay, giving you more money in your pocket to spend on the things you want. If you are hired on a temporary contract which is longer than three months, you can salary package. Yes. Western Sydney Local Health District has appointed Smartsalary as its new salary packaging provider, starting from October 2017. Smartsalary. Pay. NSW Health only: 1300 402 523 nswhealth@salarypackagingplus.com.au. All salary packaging benefits are provided on the basis that any tax savings are shared evenly between the employee and the employee's hospital. Under the Fringe Benefits Tax Assessment Act 1986 (FBT Act) government employees whose duties are performed exclusively in or in connection with a public hospital are eligible to be provided with fringe benefits which are exempt from Fringe Benefits Tax up to a threshold cap of $17,000. Salary packaging results in a tax saving for employees. The ITAA applies when an employee acquires a beneficial interest in the shares or options granted, including shares or options granted by the employer’s holding or parent company. Salary packaging is a simple way for eligible NSW Health employees to increase their take home pay by reducing their taxable income and therefore the amount of tax they pay. As a NSW Health employee, you are paid the salary set out in your role description, plus a compulsory employer superannuation contribution (9.5% of salary) and an annual leave loading (17.5%). Items that can be salary packaged car leasing. National Health and Medical Research Council Medical Research Personnel Salary Scales - effective 01/01/2019. Salary packaging lowers your tax and increases your take-home pay, giving you more money in your pocket to spend on the things you want. As a NSW Health employee, the arrangements for your salary packaging are based on a 50% share of savings arrangement. employees and NSW Health Service. Nursing Classifications. Salary packaging is a great way of restructuring your salary by using pre-tax income to buy a range of everyday items. As a NSW Health employee, the arrangements for your salary packaging are based on a 50% share of savings arrangement. Our Aboriginal workforce – Jobs to Careers, Our staff with a disability or long term health condition, Income Statements and Reportable Fringe Benefits, Salary packaging information for financial advisors, Meal Entertainment and Living Expense card important information, Meal Entertainment - Frequently Asked Questions. With salary packaging for health employees, they get that $20,000 and they are not taxed on it at the time of earning it. This limit reduces to $8,172 for items which incur GST. Amend If you need to amend your February/March contributions you must do so by Thursday 25 March. 6. Our Aboriginal workforce – Jobs to Careers, Our staff with a disability or long term health condition, Salary packaging information for financial advisors. The employee’s remaining salary, after the deduction of all such costs, is paid to the employee in cash (i.e. credited to the employee’s bank account) and is subject to normal PAYG withholding. Our success is underpinned by our ability to form long lasting partnerships with our clients. How much could you save by salary packaging? With recruitment an ongoing challenge in the health market, employee benefits can be integral to attracting and retaining the best talent. Can I salary package if I work part time? Call 1300 679 367 or email: HSNSW-Payroll@health.nsw.gov.au. As an employee of NNSWLHD, you are eligible to Salary Package the following benefits each Fringe Benefit Tax (FBT) year (1 April to 31 March): There are a number of ways that employees at NSW Health … This means that the tax saving achieved through salary packaging, together with the annual administrative fee, is shared equally between you and your Local Health District. March 31 will be here in no time, so check out these key dates and make sure you’re ready to go. Skilled Trades Employees. Salary Packaging is available to employees of the Mid North Coast Local Health District. ... RemServ can help you reward your employees through the tax efficiency and convenience of salary packaging a … Ph: (02) 9845 3643; Fax: (02) 9845 3818 Current rates of pay; Salary packaging is available through accredited providers Maxxia and nlc; Recognition. The end of FBT year is the time to make sure you get the most out of your salary packaging. Employer. Salary packaging is a simple way to increase your take home pay each fortnight by reducing your taxable income and therefore the amount of tax you pay. And with our focus on financial performance, we’ll make sure you secure maximum value for your organisation. As a NSW Health employee, we work together with Westpac to bring you this convenient payment solution. Salary packaging works by reducing the employees gross salary by the cost of the benefit provided (which includes the employer’s share of … Any amount salary packaged will be ‘grossed-up’ by 1.8868 (non-GST item) or 2.0802 (GST item) and providing this ‘grossed-up’ figure is below $17,000, there will be no fringe benefit tax liable. While you may be saving on the 46.5% tax on each item if it was a fringe benefit, you only save what it would have cost you out of your personall after tax dollars NSW Health offers salary packaging because the benefit is shared between the organisation and staff. Through salary packaging you can use up to $9,009 of your pre-tax income each year towards an approved personal expenses. Basically, salary packaging involves NSW Health Service paying for things that an employee would otherwise The sooner you start, the sooner you receive the benefits. What happens if I receive family tax benefits from Centrelink? The maximum dollar value of benefits that employees can ‘package’ without creating a Fringe Benefits Tax (FBT) liability is $9,005 per annum (which equates to grossed up taxable value of $17,000). Salary Packaging. Simply put, salary packaging allows you to reduce your taxable income, thereby increasing your take home pay (PAYG). Check out Salary Advantage, Maxxia, etc. This information on this page is correct for HealthShare NSW and eHealth NSW staff only. ‘Salary’ is defined in the salary packaging clauses of NSW Health Awards as being: the award salary as expressed in the salaries clause of the award, the award salary as though the employee was not salary packaging, and salary as also including ‘approved employment benefits’ which encompass the benefits packaged, the packaging administration fee, and the employer’s share … This means an increase is net take home pay for eligible NSW Health Service employees. Under the Fringe Benefits Tax Assessment Act 1986 (FBT Act) government employees whose duties are performed exclusively in or in connection with a public hospital are eligible to be provided with fringe benefits which are exempt from Fringe Benefits Tax up to a threshold cap of $17,000. About. All you need to do is complete sections 1,3,4 and 5 of the attached form and email it back to nswhealth@salarypackagingplus.com.au Please Note: The NSW Health salary packaging policy does NOT allow additional card holders. But that $55 isn't part of the benefit – it's a direct cost. Yes. Shares or options granted are considered wages if they are through an Employee Share Scheme (ESS) interest under the Income Tax Assessment Act 1997 (ITAA). The friendly Salary Packaging team is available to explain the whole process, assist you to prepare the necessary paperwork and explain how you make the most of your pay packet. The tax saving for the employee is achieved as a result of their pre-tax salary being packaged in exchange for benefits which are exempt from FBT or benefits that attract a lower amount of FBT than the amount of PAYG tax applicable to salary. If you are employed on a part time basis and you pay tax, you can salary package. Employees working for public health facilities may elect to receive part of their pay through salary packaging. This means that half of your tax savings are shared with your Local Health District. Contact us. One which employees have always been entitled to pay out of pre-tax income. Australia’s health workers – doctors, nurses, midwives and hospital and ambulance staff – put in long hours each day, providing a critical service to the community. The salary packaging year runs from 1 April to 31 March (the same as the fringe benefit tax year) however you can start at any time. Children’s Hospital at Westmead. What can I salary package? Salary packaging is an Australian Taxation Office approved way of paying for some everyday items and living expenses with your pre-tax salary. 1300 408 046 enquiries@salarypackagingplus.com.au. Salary packaging is an Australian Tax Office-approved employee benefit, which enables NSW Health staff (including HNELHD) to use pre-tax income towards benefits and potentially reduce the amount of income tax you pay, giving you increased disposable income. SalaryPackagingPLUS specialises in the supply and management of salary packaging programs for some of Australia’s largest Public Health, Not-for-profit and Corporate organisations. Before signing a salary packaging agreement, you are strongly advised to obtain independent financial advice. Now. MyKiosk Portal. For further information, call SalaryPackagingPLUS on 1300 … If you work for another local health district or specialty network, please contact your salary packaging administrator. $55 is half the admin fee of $110 — it's in the rest of the document you linked. If you receive a family tax benefit, there should be no change in the benefit you receive from Centrelink. Employee toolkit. Internal mail HealthShare NSW Employee Benefits Team Dock 9 Westmead Service Centre. Salary packaging is available to most permanent full-time, permanent part-time and temporary employees. It is also the figure that is quoted in the salary packaging calculators of the major providers that offer this service to health and PBI employees. Salary packaging is a simple way for eligible NSW Health employees to increase their take home pay by reducing their taxable income and therefore the amount of tax they pay. Up to $413/year off your family grocery bill* As a Smartsalary customer, you get instant access to a 5% discount you can walk in and use at major retailers like Woolworths and Big W. Plus, discounted movie tickets and shopping deals that … Salary packaging works by reducing the employees gross salary by the cost of the benefit provided (which includes the employer’s share of the tax savings and the administration fee). The information for financial advisors page has been developed to assist financial advisors. Smartsalary. Complete the Salary Packaging Application Form and send with copies of full statements/receipts for the item(s) you would like to claim to salary packaging@ health nsw gov au For more information and to access the Salary Packaging Application Form, visit healthshare nsw gov au/ salarypackaging. Send a completed application form with supporting evidence to the Employee Benefits Team at one of the following: Email: salary.packaging@health.nsw.gov.au. However you must advise Centrelink that a portion of your pay will be tax free and you will have a reportable fringe benefit. In the competitive health market, employee benefits play an important role in attracting and keeping the best talent. Claim Friday 26 March, 2021 We must receive your … About us. When can I start benefiting from salary packaging? Staff can claim up to $9,009 per fringe benefit tax year (1 April – 31 March) on items which are not subject to GST. Salary packaging is recognised by the ATO as a ‘fringe benefit’ which, because it is provided by NSW Health, is not liable for Fringe Benefits Tax (FBT). Novated. An attractive Salary Packaging Scheme allowing you to increase your take home or net pay: If eligible you can salary sacrifice up to $9,094 a year on a range of benefits including your mortgage, health insurance, child or aged care expenses, HECS fees, rent, relocation expenses, self-education expenses, motor vehicle lease for a new car purchase and meal entertainment … In return, they are afforded exemptions that allow them to salary package up to $9,010 in living-expense items that attract Fringe Benefits Tax (FBT) So the result is the same, the difference is when that money is 'in their pocket'. External mail HealthShare NSW Employee Benefits Team PO Box 292 Westmead NSW 2145 3 What is Salary Packaging? packaging calculator. Salary Sacrifice for Superannuation - NSW Health - Central Office space Document Number GL2005_021 Publication date 25-Jan-2005 Functional Sub group Personnel/Workforce - Conditions of employment Summary Guideline to employees regarding allowing salary sacrifice superannuation. You can still benefit from salary packaging even if you have a HELP/HECS debt provided the tax benefit you receive is greater than the increased HELP/HECS debt. NSW Health staff can salary package because the organisation is categorised as a Public Benevolent Institution by the Australian Taxation Office (ATO). NSW Health offers salary packaging because the benefit is shared between the organisation and staff. Salary Packaging is an Australian Taxation Office approved way of reducing your taxable income and thereby increasing your take-home pay. As an employee of NSW Health, your salary packaging program is offered on the provision that the benefit, through saved income tax, is shared equally. You get a tax saving because your pre-tax salary is packaged in exchange for benefits which are exempt from Fringe Benefits Tax (FBT) or benefits that attract a lower amount of FBT than the amount of PAYG tax applicable to salary. At tax time vs every week/fortnight/month/pay cycle. Introducing Smartsalary Smartsalary, a member of the Smartgroup Corporation, is one of the largest and most trusted salary packaging … Increased Rates of Pay and Allowances for Nursing and Midwifery Staff - effective 01/07/2019. Contact. Salary packaging as a … When entering into this agreement, the employee authorises the payroll deductions to enable payment of the salary packaging benefit and administration fee, recognising that the amount of deduction will vary from time to time. With more than 200,000 health employees salary packaging with Maxxia, we know how to maximize your offer to employees. Salary Packaging team. The salary packaging year runs from 1 April to 31 March each year and you can start salary packaging at any time throughout the year. Salary Packaging (i) By agreement with their employer, employees may elect to package part or all of their salary in accordance with this clause, to obtain a range of benefits as set out in the NSW Health Policy Directive 2018_044 Salary Packaging, as amended from time to time. The tax benefit is shared 50:50 so the salary packaging provider admin fee is shared 50:50 too. Salary packaging is a tax effective means of using part of an employee’s salary to pay for non-cash benefits. Employee services. This means that the tax saving achieved through novated leasing, is shared equally between you and your Local Health District. solutions. Salary. Can I salary package if am on a temporary contract? Other services. Through salary packaging you can use up to $9,009 of your pre-tax income each year towards an approved personal expenses. Salary packaging reduces your gross salary by the value of the items packaged along with any associated costs, such as the employer’s share of the tax savings and the administration fee. The administration of salary packaging is undertaken by SalaryPackagingPLUS.
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