Maxxia Salary Packaging Consent Form - Health

Maxxia

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The benefits of salary packaging

As an eligible employee of the health sector you could package up to $9,010 of your before-tax salary each Fringe Benefits Tax year for everyday expenses, as well as $2,650 for meal entertainment - for which the ATO is allowing some takeaway and home-delivered meals until the end of next FBT Year, 31 March 2021. (For more information about what can be claimed under this temporary arrangement, please refer to our Meal Entertainment benefit page.)

Additional potential tax savings could also be enjoyed through a novated lease on a new car or even your existing vehicle.

This is what happens to your pay once you’ve set up a Maxxia salary packaging account:

Each pay cycle, payroll deduct a nominated portion of your salary before you are taxed– and sends those funds to us.
You then use these funds to pay for your chosen benefits (e.g. Living Expenses, Mortgage payments, Groceries etc.)
The remaining amount of salary is then taxed. However, because some has been taken out (to pay for your chosen expenses), you may be taxed on a lower amount.

By getting taxed on a lower amount and effectively paying less tax, your disposable income could be increased and leave you with more to spend at each pay cycle.

Salary Packaging Consent Form

DISCLAIMER
Maxxia provides administration and referral services on behalf of employers. It does not provide any form of financial, taxation or financial product advice to employees on the relative merits of package programs or on any other basis. Some information on taxation matters may be provided to illustrate possible advantages, but is of a general nature only. You should seek your own independent professional advice on how packaging programs may impact your particular financial, taxation and welfare benefit circumstances. Maxxia may receive commissions or rebates in connection with some services it provides or arranges to be provided by third parties. By appointing and utilising Maxxia services, you consent to its receipt of such commissions and rebates. Tax laws regarding the treatment of salary benefits may change, which could adversely impact your financial, taxation or welfare benefit decisions.

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