How can you benefit?
Making the most of your salary is easier than you think. Because you work in the Public Benevolant Institution sector, you can salary package a part of your income on meal entertainment expenses.
Generally, your salary is paid to you after tax is witheld by your employer. But you could be using a Meal Entertainment Card to pay for your meal expenses, using a portion of your salary that hasn't been taxed - and less tax witheld means more money in your back pocket!
It works like this:
- You nominate how much money you'd like allocated to your card tax-free each time you get paid.
- Each pay period, that amount will be credited to your Meal Entertainment Card without any tax being applied.
- The money will be immedietely available for you to spend! Simply select 'credit' when paying at the register, or use the BPay option for online purchases or bill payment.
- You'll be sent a monthly card statement, listing all transactions on the card from the previous month.
Your employer benefits too - they provide you with tax-free benefits, without any administration costs normally associated with salary packaging!