Your Employer. This way, you don’t have to provide receipts or proof of purchase as they are easily tracked using the card. For payments you've already made, we will reimburse the money into your nominated bank account, generally within 2-3 business days - it's that easy! This is where Maxxia comes in: we take care of the hassles, and you enjoy the benefits. 490. This not only reduces your taxable income, meaning you could save on tax, but could also boost your retirement nest egg. Maxxia: 49 questions on Australia's largest opinion site ProductReview.com.au. And because you’re using a combination of pre- and post-tax dollars, you’re not only saving time but money, too. With salary packaging, you have the option to use funds from your pre-tax salary to make additional contributions to a complying superannuation fund. Privacy Statement: Maxxia is committed to protecting the privacy and rights of its customers. Whether you’re out and about, paying online or over the phone, the RemServ Wallet makes it easy to pay for groceries, shopping, fuel, bills, dining out and much more. home loan records), your job is done. The fees/cost of borrowing will be $9.42/week. However, because some of your salary has been taken out (to pay for your chosen expenses), you may be taxed on a lower amount. Examples of "above the cap" benefits for health and charity employees include: novated leasing a vehicle Within the $9,010 cap limit • mortgage or rent payments • Maxxia Salary Packaging Payment Card to pay for living expenses (including groceries, clothes, gas and electricity) ), the rest of your salary gets taxed. mortgage and rent payments/living expenses (up to $9,010 for public not-for-profit health employees and $15,900 for charity employees) Meal Entertainment and venue hire (additional combined cap limit of $2,650 each FBT year). Capital expenses, on the other hand, occur much less frequently and with less regularity. Maxxia (Finance): 4.4 out of 5 stars from 2,339 genuine reviews (page 17) on Australia's largest opinion site ProductReview.com.au. Your Details. Personal. Yes, you can package up to $2,650 each FBT year, but the Meal Entertainment cap is in addition to the existing salary packaging cap limit for everyday living expenses (for example, mortgage or rent). Set up automatic payments where possible. If you are under financial stress, call the National … This is what happens to your pay once you've set up a Maxxia salary packaging account: By getting taxed on a lower amount and effectively paying less tax, your disposable income could be increased. Maxxia Novated Leasing / Salary Packaging (Novated Leasing / Salary Packaging Service): 4.6 out of 5 stars from 1,392 genuine reviews on Australia's largest opinion site ProductReview.com.au. Melbourne, Victoria  Health employees can salary package a range of benefits (including living expenses such as mortgage, rent, utility bills and groceries) up to $9,010 each FBT year. Important Information: The information about the Maxxia Wallet is general in nature and does not take into account your personal objectives, needs and circumstances. Ask a question about Maxxia in Finance. The Salary Packaging Living Expenses Card is the easiest way to spend your living expenses. So don’t miss out on maximising your capped benefits amount! The card also carries meal entertainment funds if the employee selects that option. She works for a charitable organisation, and her employer provides a program which allows her to salary sacrifice these everyday items up to a cap of $15,900 per FBT year. Designed for the sole purpose of benefit-claiming through your smartphone, you can now access your benefits quickly and easily – anytime, anywhere. No matter how many hours you work or your employment status – full-time, part-time or casual – if you’re paying income tax and your employer offers salary packaging, you could be eligible. The easiest way to claim benefits is to set up automatic payments for items such as mortgage, rent or personal loan payments. The agreement can last anywhere from one to five years. Cue the Maxxia App. Offering salary packaging is a popular way within both the private and public sectors for employers to incentivise staff. The choice is yours. $50000. Your gross annual salary. Alternatively, you can mail to: Maxxia, Locked Bag 18, Collins Street East, Melbourne, Victoria 3000. cap limit of $9,010 each Fringe Benefits Tax (FBT) year (1 April – 31 March).1 There are also additional benefits you can choose to salary package above the cap limit. You use it like a credit card – except the funds are allocated from your salary packaging account. Depending on your employer, health and charity employees could also be eligible to package an additional $2,650 for Meal Entertainment expenses each FBT year. ... (State supplement payment for an individual living alone) =$529 (Total Federal and State SSI benefit) EXAMPLE D – SSI Federal Benefit and STATE SUPPLEMENT with only EARNED INCOME. Just swipe, sign or PIN, and go. The Maxxia Wallet is a technology-loaded smart card that makes claiming everyday living expenses, such as fuel and groceries, fast and easy. Melbourne, Victoria  Check Balances. Change Details. Everyday living expenses sure add up, but with salary packaging you can pay for them before you’re taxed. We will also send you a confirmation email on the same day. The Maxxia Wallet1 is a card that gives you simple access to your Living Expenses and Meal Entertainment benefit money, allowing you to live, spend and save every day. Maxxia will handle your information in accordance with its Privacy Policy. The $2,650 is over and above the cap for everyday living expenses, so it’s a great way to get even more from your salary. Login. All fees are paid out of your pre-tax dollars and don’t contribute to your cap limit or attract FBT. Rebatable employees can salary package a range of concessionally-taxed benefits up to $15,900 each FBT year. This is to provide you with extra time to spend your remaining balance before the end of the FBT year. Just choose how much of your pre-tax salary (up to the cap limit of $9,010) you would like to put towards the card. Elizabeth Street Rest assured, Maxxia’s tax and compliance specialists are up to speed with all ATO rulings and developments in Fringe Benefits Tax legislation to ensure we can accurately and efficiently service your salary packaging needs. You can use the card wherever Visa is accepted. The Maxxia app and Maxxia Online (desktop) are accessible 24/7 and allows you to: Hundreds of thousands of Australians have enjoyed the many benefits of salary packaging with Maxxia, Australia’s largest provider of employee benefits, since 1988. Find out about eligibility requirements for programs like food stamps, welfare, and Medicaid, and how to apply for them. Once received, we'll process your claim within 2-3 business days and deposit the funds from your salary packaging account into your regular bank account. These are mostly expenses that you incur anyway, so why not think about salary packaging them or pay for the item with your Maxxia Wallet and potentially save on tax? The technology-loaded card helps you to live, spend and save smarter. Maxxia (Finance): 4.4 out of 5 stars from 2,242 genuine reviews (page 5) on Australia's largest opinion site ProductReview.com.au. We recommend you seek independent advice before proceeding with salary packaging. Maxxia Pty Ltd | ABN 39 082 449 036 is an Authorised Representative of EML Payment Solutions Limited (AFSL 404131) ABN 30 131 436 532, Coverforce Insurance Broking Victoria Pty Limited (AFSL 345986) ABN 45 127 707 813, Allianz Australia Insurance Limited (AFSL 234708) ABN 15 000 122 850 and Smart Guys Pty Limited (AFSL 460412) ABN 46 129 708 5233 If you are under financial stress, call the National Debt Helpline on 1800 007 007 or ndh.org.au. Did you know that there are range of home office expenses that can be salary packaged – along with everyday living expenses up to a cap of $9,010 (depending on your industry)? Lets say this worker borrows the max every single week. Maxxia may receive commissions in connection with its services. This not only reduces your taxable income, meaning you could save on tax, but could also boost your retirement nest egg. Level 21/360  Employers offer salary packaging to reward staff for their loyalty and hard work, but it’s not a benefit offered by all companies. If you have any questions, please contact us, or just fill in the form below. If you don’t specify your employer, you can still use the calculator to give you general estimate of your salary packaging savings. You don’t need a huge income to benefit, and you can package a new or used car, or even your existing vehicle. The net result is the amount of tax you pay on a fortnightly basis (or whatever period it is for you getting paid) goes down. At each pay cycle you could have more money to spend on the things you want – such as new clothes or a well-deserved weekend away. You can use your card to pay Talk to us today Like to know more about a novated lease with Maxxia? However, utilising your employer’s tax status enables you to salary package such items up to the applicable capping limit (detailed The meal entertainment limit is in addition to the existing salary packaging concession limit for everyday living expenses, such as mortgages and rent and it does not affect these benefits in any way. This cap limit is separate from the Fringe Benefit Tax cap limits for everyday living expenses. Salary Packaging Cap limits are set by the Australian Taxation Office, and specify the amount of before-tax money you can use for certain items each FBT year. Maxxia Pty Ltd (Maxxia) ABN 39 082 449 036 is an Authorised Representative of EML Payment Solutions Limited Australian Financial Services Authorised Representative number 000278683 and participates in the promotion and distribution of the Card. Please specify employer. It’s a fair question, but no. Whether you’re ready to get started or would like to know more, we’re here to help. SPA and MyCardPlus have teamed up to provide employees with a simple and easy way to pay for your living expenses. It’s enhanced technology, functionality and convenience gives you the ability to: • Manage both your Living Expenses and Meal Entertainment benefits with one smart card. With salary packaging, you have the option to use funds from your pre-tax salary to make additional contributions to a complying superannuation fund. As well as salary packaging general living expenses up to the $15,900 cap, you may also be able to salary package a range of other benefits – such as Meal Entertainment and Venue Hire / Holiday Accommodation and cars through novated leasing. Maxxia (Finance): 4.4 out of 5 stars from 2,432 genuine reviews on Australia's largest opinion site ProductReview.com.au. Charity employees can salary package a range of benefits up to $15,900 each FBT year. You can use your card to pay In exchange for managing your salary packaging account, we charge an administration fee that is dependent on the benefit and agreed upon with your employer. Things you need to know: This general information doesn't take your personal circumstances into account. No. • Relocation Expenses • Living Away from Home Allowance • Otherwise Deductibles 4.5.1 Capped Benefits – Living Expenses Capped B enefits – Living Expenses are items that are subject to the full rate of FBT. If you salary package capped benefits over your cap limit, FBT will be applied to the expenses – and you could pay tax on the extra. Send us your details and we'll get back to you. 3000, Maxxia Pty Ltd | ABN 39 082 449 036 is an Authorised Representative of EML Payment Solutions Limited (AFSL 404131) ABN  30 131 436 532, Coverforce Insurance Broking Victoria Pty Limited (AFSL 345986) ABN 45 127 707 813, Allianz Australia Insurance Limited (AFSL 234708) ABN 15 000 122 850 and Smart Guys Pty Limited (AFSL 460412) ABN 46 129 708 523. This means that we pay for your nominated expenses on your behalf – using your pre-tax dollars. By completing this form, I agree to Maxxia contacting me about its products, services and offerings. If you work in the public health or charity industry, you will notice that benefits may be ‘capped’ or ’above the cap’ – depending on the expense type and sector you work in. The fees/cost of borrowing will be $9.42/week. It explains what happens if we cannot collect your personal information, as well as how you can access and correct the personal information we hold about you or make a complaint. Let us look after your rent - and save on the side, too. How much you could save through salary packaging could be impacted if you earn less than, or just above the tax-free threshold. By paying your rental payments with pre-tax funds, you could not only save tax, but also potentially have more money left over to spend on other things. All you need to do is snap a photo of your receipt, upload it via the Maxxia App, confirm the amount and submit and we’ll aim to review and reimburse within … Our Privacy Policy contains important information about how we collect, hold, use and disclose personal information. The supply of meal entertainment services is subject to Maxxia Pty Ltd terms and conditions (available from maxxia.com.au or by calling us on 1300 123 123), and the terms and conditions of your employer’s Meal Entertainment Policy. So if you’re one of the lucky ones, we’ll take you through the many advantages of salary packaging. you can then use these funds to pay for your chosen benefits (e.g. your post-tax salary is then deposited into your bank account as usual. At Maxxia, we’re all about making your life easier. Best of all, Maxxia could pay or reimburse your rental payments for you by setting up 'set and forget' regular automated payments. To find out more go to live.maxxia.com.au. household expenses; any other items you pay for with your Maxxia Wallet; Paying with your Maxxia Wallet makes it easy. Maxxia is a leading provider of workplace benefits in Australia. By salary packaging up to $15,900 she could be up to $5,206 better off each FBT year. If I work for a charity and take up the salary packaging option, I get to spend the $16,000 of living expenses before I pay tax, reducing the tax to around $11,500 per year, leaving me with a net of $47,500. Elizabeth Street Now we need a little more detailed information about you. Your Maxxia Wallet/Living Expense Card annual budget is spread over one less pay each FBT year, so no Maxxia Wallet payment will be made from your last pay in March. With Maxxia Online, you have 24/7 access to: Balances. Once you've provided initial documentation to verify the expense (e.g. Maxxia Pty Ltd | ABN 39 082 449 036 is an Authorised Representative of EML Payment Solutions Limited (AFSL 404131) ABN 30 131 436 532, Coverforce Insurance Broking Victoria Pty Limited (AFSL 345986) ABN 45 127 707 813, Allianz Australia Insurance Limited (AFSL 234708) ABN 15 000 122 850 and Smart Guys Pty Limited (AFSL 460412) ABN 46 129 708 5233 $. The Maxxia Wallet makes it easy to pay for living expenses and meal entertainment expenses when you’re out and about, paying online or over the phone. The Maxxia Wallet is a technology-loaded smart card that makes claiming everyday living expenses, such as fuel and groceries, fast and easy. When you salary package, you’re still paying for your usual expenses, but with pre-tax dollars – meaning you are reducing your taxable income and, in turn, potentially increasing your taxable income. By packaging some of these expenses you could reduce your taxable income – and, in turn, boost your disposable income. Most above-the-cap benefits – such as novated leasing a vehicle, work-related devices, self-education and additional superannuation payments – have no limit and do not incur FBT. The supply of meal entertainment services is subject to Maxxia Pty Ltd terms and conditions (available from maxxia.com.au or by calling us on 1300 123 123), and the terms and conditions of your employer’s Meal Entertainment Policy. Please stay away from this product. A point to note though: employees earning less than the tax-free threshold of $18,200 may not have to pay income tax, and incomes under the Medicare levy threshold of $21,655 do not attract the Medicare levy. Over a whole year, this person would've paid $489.84 in fees to MyPayNow. living expenses, mortgage payments, Meal Entertainment etc. Whether it’s the roof over your head or a personal loan, many of us have big-ticket expenses that fall at the same time each month. This cap limit is separate from the Fringe Benefit Tax cap limits for everyday living expenses. 3000, Maxxia Pty Ltd | ABN 39 082 449 036 is an Authorised Representative of EML Payment Solutions Limited (AFSL 404131) ABN  30 131 436 532, Coverforce Insurance Broking Victoria Pty Limited (AFSL 345986) ABN 45 127 707 813, Allianz Australia Insurance Limited (AFSL 234708) ABN 15 000 122 850 and Smart Guys Pty Limited (AFSL 460412) ABN 46 129 708 523. With salary packaging you potentially can, by paying for some expenses with your pre-tax wage – think mortgage, rent, work-related costs and everyday items such as groceries. The types of benefits you can salary package, and how much, depends on what your employer offers, as well as what the Australian Taxation Office allows for your particular industry. After we set up your salary packaging arrangements, we also manage them for you. The meal entertainment program is independent of your salary packaging cap or other benefit arrangements. Living Expenses How to save on living expenses - and avoid the paperwork Read more. Above the cap limit Within the cap limit Concessional items. work-related expenses (for example, laptops or self-education). mortgage and rent payments/living expenses (up to $9,010 for public not-for-profit health employees and $15,900 for charity employees). It’s the new financial year, so it’s the perfect time to potentially reduce the tax you pay, and maximise the savings you make. It’s enhanced technology, functionality and convenience gives you the ability to: • Manage both your Living Expenses and Meal Entertainment benefits with one smart card. You can salary package the cost of meals when you dine out, meaning you could save every time you dine with friends and family at restaurants, cafes, pubs, clubs and bistros. Three ways to claim your salary packaging benefits: 1. With Maxxia Online and the app, you can submit a claim for reimbursement or set up a payment direct to a supplier. No more juggling bills and due dates! Meal Entertainment and venue hire (additional combined cap limit of $2,650 each FBT year). According to Maxxia’s explanation, a novated lease is a type of employee benefits that your employer leases a car on your behalf. Ask a question about Maxxia in Finance. Maxxia (Finance): 4.4 out of 5 stars from 2,419 genuine reviews (page 2) on Australia's largest opinion site ProductReview.com.au. With the Salary Packaging Living Expenses … Maxxia: 49 questions on Australia's largest opinion site ProductReview.com.au. Let’s recap what happens to your pay once you've set up a Maxxia salary packaging account: Although we pay for your expenses on your behalf, it's still important you know what's being paid and how much is in your salary packaging account at any time – just like you would your bank account. each pay cycle, your employer's payroll department deducts a nominated portion of your salary before tax is applied – and sends those funds to us, you can then use these funds to pay for your chosen benefits (e.g. That's far far less than what you will likely gain by paying less tax. You should consider the appropriateness of the information having regard to your personal circumstances and consider the Product Disclosure Statement before making any decision. But if you’re not salary packaging your everyday living expenses, meal and entertainment costs and novated leasing with Maxxia, you’re not doing all you can to make the most of your money. These include mortgage and rent, gas and electricity, groceries, clothes, personal loan repayments, private health insurance and school fees. When it comes to unparalleled customer care, ease of claiming, access to the best third-party offers and nationwide buying power for novated leases, Maxxia continues to set the standard for salary packaging in this country. Please consider whether this information is right for you before making a decision and seek professional independent tax or financial advice. Level 21/360  Whether you’re out and about, paying online or over the phone, the RemServ Wallet makes it easy to pay for groceries, shopping, fuel, bills, dining out and much more. Our Privacy Policy contains important information about how we collect, hold, use and disclose personal information. To learn more, go to live.maxxia.com.au. By salary packaging a car through novated leasing, you could reduce the cost of keeping your vehicle on the road – and, perhaps, finally afford your dream wheels. – living expenses The Maxxia Salary Packaging Payment Card is a convenient way to make everyday purchases, such as groceries and clothing, using pre-tax dollars. Rebatable Employer $30,000 Cap. Your cap limit has not changed; it's the same annual budget, over one less pay. Like to know more about a novated lease with Maxxia? Get information on government benefits that may help you pay for food, housing, health care, and other basic living expenses. Of that, I spend $16,000 on rent or a mortgage, or other living expenses, leaving me with $42,000.