Save on living expenses with an AccessPay Salary Packaging and Meal Entertainment card

This is a popular benefit as it not only saves you money, it gives you the flexibility to decide how you spend your salary packaging funds.

Here’s an example of how it works for Sue – a charity worker who earns $45,000 a year.

Before she started salary packaging, Sue received her pay after tax had been deducted and used her hard-earned money to pay her bills and purchase everyday items like groceries and petrol.

With salary packaging, Sue chooses to have some of her money paid to a salary packaging card before she is taxed. She still has access to this money, the only difference is that it’s added to a card which she can use for everyday expenses such as groceries, shopping and petrol.

If she doesn’t spend all the money on her card each pay, it will continue to build up until she needs it. The only tax requirement is that she uses the entire balance by 31 March each year.

Salary Packaging
Salary Packaging
Sue’s salary 45,000 45,000
Salary Packaging and Meal Entertainment card per fortnight 15,900
Sue’s taxable salary 45,000 29,100
Tax and Medicare 7,072 2,653
Salary after tax 37,928 26,447
Money added to salary packaging card 15,900
Total money available 37,928 42,347
Extra money with salary packaging 4,419

Sue will receive over $4,400 extra a year with salary packaging! Even with the administration fee Sue pays for salary packaging, she will still have well over $4,000 extra to spend each year.