Outsourcing

Outsourcing the process gives the employer the
following benefits

Provides no cost remuneration packaging advantage, allowing maximum disposable income for their employees.

Employer is viewed favorably by their employees.

Reduces administration costs of salary disbursement.

Eliminates the need for highly trained FBT and GST specialist staff.

Eliminates the need for compliance/reporting.

Reduction in payroll tax and work cover premium.

The control over the process of all packaging remains with the employer.

Burden of remuneration planning is taken out of the administration process, hence reducing costs.

For employers who wish to manage the salary packaging process themselves, SalaryMasters also offer an in-house program under licence. This program is a user friendly web based solution that will simplify the salary packaging process for the employer, as well as providing all required reporting. A number of organisations have significantly increased their contribution to the bottom line by administering the process in-house.