Can I use my Accesspay card online?
The card can be used anywhere Mastercard prepaid cards are accepted to pay for goods and services, including online purchase transactions.
How much can I salary sacrifice Accesspay?
You can salary package up to $15,900 of your pay each Fringe Benefits Tax (FBT) year – 1 April to 31 March – for living expenses. These are usually things you’re already paying for, but by including them in your salary packaging, you don’t have to pay income tax on this money.
How does salary packaging work Accesspay?
Salary packaging allows you to pay for certain expenses such as your mortgage, rent and other everyday living expenses before income tax is calculated. So you pay less tax and have more money to spend.
How does access pay work?
Each pay cycle, your employer will deduct a nominated amount from your salary before tax. They will then send that money to us. We provide this money back to you to pay for the items you have selected, such as your mortgage, rent or daily expenses.
Can I cancel AccessPay?
If you no longer need a Salary Packaging and Meal Entertainment Card, you can cancel your card by logging into your online account via the mobile app or at www.accesspay.com.au. If you are cancelling due to leaving your employer, please contact AccessPay at [email protected] or on 1300 133 697.
Where can I use my salary sacrifice card?
You can use it for everyday expenses such as:
- groceries.
- petrol.
- restaurant and café meals.
- travel or booking a holiday.
- gas, electricity and telephone bills.
- council and water rates.
- theatre and movie tickets.
- clothes.
What bills can I salary sacrifice?
What can be salary packaged / salary sacrificed?
- Additional superannuation.
- Aged care & disability costs for a loved one.
- Car parking.
- Child care.
- Clothing.
- Disability / income protection insurance.
- Financial advice.
- Groceries.
Does salary packaging affect your tax return?
Your taxable salary and wage figure is included on your annual PAYG payment summary and excludes the salary packaging payments. Hence, your salary packaging money is never subject to income tax.
Do you save money with salary packaging?
Salary packaging lowers your taxable income and increases your take-home pay, giving you more money in your pocket to spend on the things you want. Here’s an example of your salary before and after salary packaging. The benefits available to you, are determined by your employer.
Can anyone salary sacrifice?
Any employee can salary sacrifice provided their employer is willing to offer the benefits. Many employers provide salary sacrifice through a specialist salary packaging provider.
Is salary sacrifice beneficial?
The main benefit of salary sacrificing is that it reduces your pre-tax income, and therefore the amount of tax you must pay. For example: if you’re on a $100,000 income, you may agree to only receive $75,000 as income in return for a $25,000 car as a benefit.
What can I use my living expenses card for?
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