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Salary Choice: An online salary packaging analysis tool

 
 
Salary Choice is a secure online tool that conducts an assessment of salary packaging options for an employee. The assessment is tailored to the circumstances of each individual, using an up-to-date database of current rates and vehicle details.

Salary Choice produces an Outcome Report that includes a recommendation of whether salary packaging of the selected items is beneficial for the employee. In addition, the Outcome Report gives a complete breakdown of the benefit associated with each item selected. This enables the employee to make an informed decision regarding the suitability of particular items.

Features of Salary Choice include:

  • Easy to use, no technical training required;
  • Up-to-date with tax rates and latest developments in Salary Packaging;
  • Powerful, comprehensive Vehicle Selector;
  • Accurate and current database;
  • Allows for referral to Package fulfilment or detailed Packaging analysis.

What is Salary Packaging?

Salary packaging allows an employee to tailor their remuneration to suit their personal and lifestyle needs by accessing available tax benefits to increase their take home pay.

Salary packaging involves the payment of certain personal, private, and employment related costs from an employee's gross salary before tax is deducted. Legitimate tax concessions are available to employees who package these benefits, which means these expenses actually cost less when taken from their gross salary than from their after tax salary.

Employees can package personal vehicles, mobile phones, lap top computers, income-protection insurance, seminar costs, professional memberships, car parking and many more benefits they usually pay for in after-tax dollars.

Who can use Salary Choice?

Salary Choice can be used by Financial Advisors, Employers & HR Departments, or by Employees directly.

  • Salary Choice for Financial Advisors

    Salary Choice is an on-line salary packaging tool which can assist accountants and financial planners to quickly and cost effectively assess the option of salary packaging for their clients. Salary Choice is a comprehensive Salary package analysis product, producing a detailed report that can be provided to clients.

    Benefits include:

    - Clients can self assess their salary packaging position;
    - Generate additional fee revenue by providing an additional service to existing clients;
    - Opportunity to include your branding on the site and Outcome Report.

     
  • Salary Choice for Employers & HR Departments

    Providing a salary packaging option to employees can raise the profile of your business, and encourage employees to stay on with your company. Because the process allows you to reward your employees through providing additional access to their gross income, you can improve your relationship with each employee and create and environment for continued growth and loyalty.

    Benefits include:
     
    - Attain fast and accurate salary packaging assessments for employees, with an easy to understand outcome report;
    - Salary Choice assists you to service your staff more effectively - become an employer of choice;
    - Increase the retention of staff by maximising the benefit they derive from their salary;
    - Salary Choice use a 'nil employer cost' basis for calculations so there are no costs incurred in implementing employee salary packaging.

     
  • Salary Choice for Employees

    Salary Choice can be accessed directly, doing individual assessments from home or office.

More Information

For more information on Salary Choice, visit the website: www.salarychoice.com.au.

 

At A Glance
     
  Salary Choice: online salary packaging analysis tool  
     
  An online salary packaging analysis tool, helping you get more disposable income out of your salary.
 
Easy to use, no technical training required
Always up-to-date with tax rates and latest developments in Salary Packaging
Powerful, comprehensive Vehicle Selector - all Australian new vehicles
Wide range of Packaging options.
 
     
More Information
     
  Go to the Salary Choice website »