There are some real benefits to working for a Not for Profit Organisation. As well as providing highly valued services to the community, you could be eligible to make potentially significant tax savings, meaning more money in your pocket each week.
Am I eligible for PBI Exempt Benefits?
To be eligible, you must work for a Not for Profit Organisation, such as a charity, a social housing or health care based organisation. Your employer must also be agreeable to the mutually beneficial arrangement.
What benefits can I salary package?
- Private school fees
- Credit Card
- Child care fees (non employer owned)
- Car parking
- Home mortgage, Rent – own home
- Trauma/Life insurance premiums
- Personal Loan Repayments
- Home/Contents insurance
- Aged and disabled care payments
- Private Travel
- Club/Association Membership
- Living Expenses Card
- Health Insurance
- Meal entertainment & venue hire
How it works
e.g. Liz is a carer at a nursing home and has a salary of $48,000 per annum before super. Her fortnightly take home pay before tax is $1,840.
Liz’s rent is $620 per fortnight, which is over $1,200 per month. After she pays her rent, her fortnightly earnings go down to $1,029 after tax.
If Liz were to take her rent out using her pre-tax earnings, she would take home an extra $187.73 every fortnight compared to paying it from her net salary.