Salary packaging can seem complicated, with many different options and benefits that help you do more with your money. 

We thought we'd run you through perhaps the simplest form of salary packaging using the Mortgage, Rent and Loan benefit options. These benefits have no claiming and little admin work is required; they make salary packaging simple!

Regular long-term expenses: perfect for salary packaging

Paying rent, a mortgage or a personal loan can be a long-term commitment and it means that you can salary package them year-on-year without making any change to your arrangement – which means less admin for you and more time to think about other things.

Best of all, these salary packaged expenses are GST-free, enabling you to get more out of your cap – and even more bang for your buck!

How it works each pay

Maxxia takes your annual cap limit, whether that be for health ($9,010) or charity ($15,900), and we divide it equally across the 26 pays of the FBT year, giving you a regular contribution amount each pay. 

We then request this amount from your payroll before-tax each pay, which could reduce your taxable income – and, in turn, boost your disposable income (which is the whole point of salary packaging).

Once we receive this amount from your payroll we’ll reimburse the contribution amount back to your personal bank account each pay. With this option you just leave your current repayment process in place and pay your rent, mortgage or personal loan with your before-tax salary. 

With this option we are reimbursing you for the regular payments you are making towards your mortgage/rent/personal loan without the inconvenience to you of making regular claims. As long as your annual repayments cover the annual amount that Maxxia has reimbursed you, then you are good to go.

Salary packaging made simple

So, if you currently have a mortgage, pay rent or are chipping away at a personal loan why not consider these super simple salary packaging options?

Fill out your details below to get more information about these benefits.

The Maxxia Wallet – the other set–and-forget benefit!

The Maxxia Wallet is a Mastercard debit-style card loaded with your before-tax money, proactively spend using two benefits;

• Living Expenses – Electricity, phone and water bills, council rates, groceries, clothing, private travel (domestic and overseas), any household expenses and more!
• Meal Entertainment – Dine-in eating/Takeaways until 31 March 2021 from restaurants. 

The idea behind the Maxxia Wallet is simply to put your salary packaging money in your hands. No claiming, no mucking around with invoices — we transfer funds to the card and away you go. 

All Maxxia Wallet contributions are made before your final pay cycle in March to ensure you have sufficient time to spend the funds before the end of FBT year (March 31). 

Sound good? You may like to give the Maxxia Wallet a try. For those who are eligible, it can be a great alternative to our other benefits, or even for just want a change to how you salary package.

Give us a call for more information!

This material is general information only. It does not take into account your particular/personal objectives, personal financial situation or personal financial circumstances. You should read the Product Disclosure Statement (PDS) for this product before making any decision on the new Card (Maxxia Wallet). You can read the PDS at here.

Maxxia Wallet is a Mastercard and is issued by EML Payment Solutions Limited ABN 30 131 436 432 AFSL 404131. Maxxia Pty Ltd (Maxxia) ABN 39 082 449 036 is an Authorised Representative of EML Payment Solutions Limited Australian Financial Services Authorised Representative number 000278683 and participates in the promotion and distribution of the Card. Mastercard and the Mastercard brand mark are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated.