Our flexible, compliant, and trusted salary packaging products can save your employees thousands in tax, and make your organisation the first choice for talent. Take advantage of the wide range of tax saving benefits available to the Mining and Resources sector
What benefits can I offer our employees?
Is my organisation eligible?
Depending upon on your companies exact situation, i.e. your location, where your staff live and whether they undertake work related travel, we highly encourage you to reach out to us to discuss which salary packaging benefits you may be able to offer. We work with many Mining and Resources employers who offer this mutually beneficial arrangement to their staff as an employee incentive program
How it works
e.g. Harry lives in Emerald, QLD and works for a machinery equipment firm in the same area. Due to the nature and location of Harry’s employer and his house, Harry can use the Remote Area benefit. This could help him save tax while living and working in a remote area, as 50% of his rent becomes tax free! Harry currently pays $600 per week to rent his current property, and can package $300 per week. On his current salary of $73,000, he will save approximately $5,174 per annum or $99.50 net per week.
Living Away From Home Allowance (LAFHA)
e.g. Fred is a project manager in Brisbane, QLD and has the opportunity to relocate to Newcastle, NSW on an $82,000 salary. This is quite a large step for Fred as he has a wife and two school age children. Without committing to relocating, Fred has decided to utilise the LAFHA benefit, which will save him thousands in tax every year. This will allow Fred to package pre-tax salary towards his rent and living expenses.
Fred can package his rent at $350 per week and $247 per week in living expenses totaling $597 each week in pre-tax income. This comes to a total of $31,044 per year. The tax saving would be approximately $10,502 per annum or $201.95 net per week.