Prosperity
Salary Packaging
NSW Health
Salary packaging is an effective way to structure your income and reduce your tax. This
employee benefit entitles you to pay for approved expenses before tax, giving you the
opportunity to make significant savings!
If you want to take advantage of a Federal Government
1.
Nominate the benefit(s) that you would like to package.
incentive that will save you money, then Prosperity Salary
2.
Your employer deducts the relevant amount from your pretax salary.
Packaging can help you. With the cost of your selected benefits
taken out of your pre-tax income, salary packaging will provide
3.
Tax will then only apply to your remaining income.
immediate tax savings for you to take home each pay!
4.
Prosperity reimburse the benefit amount to the account of
your choosing.
Who is eligible?
What can be packaged
•
•
•
Permanent full time and part time employees, temporary
employees employed for three months or more, and
•
own home mortgage payments
employees employed under specific grants or funds for
•
private home rental payments
periods in excess of 12 months who work in Divisions of the
•
credit card payments
NSW Health Service that have Public Hospital status, are
•
educational expenses
eligible to enter this scheme.
•
Meal Entertainment Card
Health executives employed in the Health Executive Service
•
Meal Entertainment expenses
may also access this scheme.
•
Novated Motor Vehicle Lease
Casual employees are ineligible to join the scheme given
•
personal insurance
the limitations of casual engagement.
•
personal loan repayments
•
private health insurance
•
remote area housing assistance
How it works
Arranging salary packaging is easy.
How much you can package
direct savings in your regular pay. Paying or reimbursing your
nominated benefits before tax means the savings can be used in a
As an employee of NSW Health you are able to access approved
variety of ways, including:
benefits tax free up to $9,010. You can also package additional
•
make extra payments towards the mortgage
exempt benefits from your employer up to 100% of your total
•
have extra cash each pay
base gross salary.
•
improve your lifestyle
•
take advantage of investment opportunities.
Save money
By reducing your taxable income, you will reduce the amount of
How Prosperity is involved
income tax that you pay, which means more money in your pocket.
Prosperity is responsible for:
Prosperity Smart Drive
Prosperity provides a complete vehicle management service
•
provision of individual consultations
•
ensuring all forms are completed correctly
•
ensuring the package details are correct and that the package
commences on the agreed date
called Prosperity Smart Drive.
•
ongoing basis
Our service includes:
•
procurement of your new or used vehicle
•
sourcing competitive finance
•
administration of fuel card program costs
•
ongoing monitoring and reporting of costs
•
a full range of insurance products.
ensuring that all payments are processed correctly on an
•
being a point of contact for any questions whilst you are
salary packaging.
Getting started
Contact us
Prosperity can manage all of your salary packaging and vehicle
The next step is to contact a Prosperity Salary Packaging
needs, under one roof!
consultant for a consultation on your salary packaging options.
For more information or for a complimentary consultation, please
T 02 4907 7200
contact Prosperity Smart Drive on 02 4907 7200 or 1300 761 388
F 02 8026 8379
or visit www.prosperitysmartdrive.com.au
E [email protected]
Benefits of salary packaging
Visit us online
www.prosperitysalarypackaging.com.au
Direct savings
Salary packaging provides an opportunity for you to access
www.prosperitysalarypackaging.com.au
Sydney
Newcastle
Brisbane
Level 1
130 Elizabeth Street
Sydney NSW 2000
2nd Floor
175 Scott Street
Newcastle NSW 2300
Suite 1, Level 3
200 Creek Street
Brisbane QLD 4000
Call us on 1300 761 388 or 02 4907 7200