What can I use my Eziway card for?
With our one – card solution, you can use your Salary Packaging Card to conveniently pay for your living expenses, meals and accommodation, with the added benefits of… Mastercard contactless transactions up to $200. Real-time information at your fingertips with live account updates.
How do I activate my Eziway?
Visit the Eziway website and login with your username and password. Go to My Card Information, and select the Activate icon on the right side of the screen. Enter your activation code (found at the top of the letter attached to your card) and click Get Onetime Passcode (OTP).
What are entertainment benefits?
The Entertainment Benefit allows you to package the. cost of dine-in meals, accommodation and bundled holidays above the cap to extend your tax savings further.
What is the maximum amount I can salary package?
When you salary package for an entire Fringe Benefits Tax (FBT) year (1 April to 31 March) the maximum you can salary package is either $611.54 per fortnight or $305.77 per week.
Can I have 2 salary packaging?
Can I salary package more than one purchase or expense? Generally, yes. Depending on your industry and your employer, you can allocate varying amounts of your pre-tax income to different purchases or expenses.
What is CBB salary packaging?
The ATO-approved CBB Meal Entertainment and Holiday Accommodation Card allows you to salary package meals, accommodation expenses and venue hire using tax-free dollars. This provides you with an additional $2,650 tax free per year, saving you even more on tax.
What is a salary sacrifice card?
Also known as a salary sacrifice card, a salary packaging card has the same functionality as a regular debit card. It also comes with swipe and tap payments for convenient use online and in person.
Are salary sacrifice schemes a good idea?
The main advantage of salary sacrifice can be higher take home pay, as you’ll be paying lower National Insurance contributions (NICs). Your employer will also pay lower NICs. You might benefit from more pension contributions from your employer, if they are giving you some or all the money they’re saving on NICs.
How much tax do I pay if I salary sacrifice?
15%
Your salary sacrifice contribution is taxed at a rate of 15% which is lower than the marginal tax rate for most people. It’s your marginal tax rate that determines the potential savings you could get from salary sacrifice.
Do I need to tell HMRC about salary sacrifice?
The only benefits you do not need to value and do not have to report to HMRC for a salary sacrifice arrangement are: payments into pension schemes. employer provided pensions advice.
Can I salary sacrifice a laptop?
A laptop, notebook computer or similar portable computer (eg. tablet device) can be included in your salary package and is exempt from Fringe Benefits Tax if used primarily for work purposes.
Who owns the car after salary sacrifice?
The salary sacrifice car is used as a private car, but is leased by the employer, usually for 36 months.