Learn how Charity & Not-For-Profit Employees can salary package and the benefits they may be eligible for.. However, salary packaging provides an opportunity for not for profits to employ such staff incentives without tapping into charity funds. Australia has about 600,000 not for profit organisations . That's a lot of charities playing a critical part in the country's economy.
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Salary packaging the maximum amount allowed each Fringe Benefits Tax (FBT) year means you're making the most of this employee benefit. The maximum for employees of not-for-profit organisations is $15,900 (this is also known as your 'tax free cap') and $9,010 for hospital and healthcare employees. Salary packaging to the 'cap' means.. Salary packaging, also known as salary sacrifice, is an arrangement where employees forgo a portion of their salary in exchange for non-cash benefits. This setup is especially beneficial in the NFP sector. For example, an employee earning $30,000 might choose to receive $5,000 of their salary in the form of benefits like car leases or mortgage.
