Could you pay off your mortgage earlier? Would you finally upgrade your car, or even your TV? Or could you just breathe easier knowing you have extra money for life’s emergencies?
If your employer offers salary packaging through CBB and you’re ready to get started, you can book a sign-up appointment with a member of our team. Otherwise, keep reading to find out more about the benefits of salary packaging with CBB.
Presented by CBB’s SA State Relationship Manager Mark Gauci, this video provides a short overview of salary packaging. Find out how it boosts your take-home pay, makes it easier to manage everyday expenses, and gives you access to some amazing benefits.
I have more money in my pocket which has taken the pressure off my family’s financial position.
My mortgage is paid and the food card (Meal Entertainment and Holiday Accommodation card) that I have is fantastic. Makes budgeting so much easier.
Working for a charity, it helps the finances and budget. It’s like getting a bonus for doing your job.
I am grateful for salary packaging as it enables me to stay within the industry I love.
Due to salary packaging, I was able to wipe out short term debt (from a period of unemployment) much quicker than would otherwise have been possible. Now, I am able to save for holidays and look forward to a much brighter future.
I like that I can pay my mortgage with it, it’s gone from my salary without me thinking/worrying about it. I also like the meal/holiday card especially when I have to go out on a special occasion. It has even been good going away when paying for accommodation. I’m putting money I put away without really thinking about it.
As a single mother salary packaging has been a life saver. When I would usually pay more than half my weekly salary to rent after tax, having salary packaging has definitely helped financially and taken a lot of stress off me.
Employees of eligible not for profits can salary package a maximum of $15,899 tax free each FBT year. Your exact additional take home pay will depend on your annual salary. This table shows the indicative financial benefits for different salaries; you can also use our salary packaging calculator below to work out a more accurate estimate.
Please note that we provide a tailored and highly detailed analysis of your benefit at your sign-up appointment.
| Annual Salary | Annual Benefit | Fortnightly Benefit |
|---|---|---|
| $25,000 | $1,088 | $42 |
| $30,000 | $2,488 | $96 |
| $40,000 | $3,344 | $129 |
| $50,000 | $3,562 | $137 |
| $60,000 | $4,962 | $191 |
| $70,000 | $5,088 | $196 |
These examples are accurate only for the period from July 1, 2024, to June 30, 2025.
| Net Income without salary packaging: |
$0 |
| Net Income with salary packaging included: |
$0 |
| Potential benefit: | $0 per year |
If you choose to start salary packaging with CBB, you need to ask your payroll team to deduct your HECS/HELP debt repayment of
Please note that we have based this estimate on the information you provided, we can talk to you about this more at your sign-up appointment.
Your salary packaged funds can be used to take care of regular payments such as: mortgage and rent payments, personal loan repayments, and even bills and utilities. Any routine payment that can be paid electronically (and you have acceptable proof of debt for) can usually be set up through CBB.
You can also choose to load your funds onto a CBB Salary Packaging Card, which can be used to pay for groceries, petrol, and other household goods with tax free dollars. Just imagine how much money you could save on everyday essentials.
Our friendly salary packaging team take care of the process for you, leaving you free to enjoy the benefits. Here’s how we make it happen:
The diagram below shows how it works – or you can watch this short video.
If you have Child Support, student debt, or Centrelink payments you can read more about how salary packaging affects your Assessable Income and Adjusted Taxable Income.
The ATO-approved CBB Meal Entertainment and Holiday Accommodation Card allows you to salary package meals, accommodation expenses and venue hire using tax-free dollars. This provides you with an additional $2,650 tax free per year, saving you even more on tax.
Use your CBB Meal Entertainment and Holiday Accommodation Card in Australia and overseas to pay for:
Download our Meal Entertainment and Holiday Accommodation brochure
Remote Area Benefit is a tax concession from the Australian Federal Government which allows eligible employees to claim up to 50% of certain expenses associated with living and working in a remote location, as well as some travel costs. This benefit is on top of the standard salary packaging benefit that employees of Public Benevolent Institutions (PBIs) receive.
To be eligible for Remote Area Benefit you must:
Want to pay for your new car with tax-free dollars?
Considering buying a new, ex-demo, or used car? Good news: with a novated lease, you can save thousands on your next vehicle.
A novated lease is a car finance option approved by the Australian Tax Office (ATO) where your repayments are calculated using the perfect mix of your pre-tax and post-tax dollars, helping you maximise your tax savings as you won’t pay any fringe benefits tax. A novated lease gives you access to fleet pricing, and the vehicle is financed with no GST, saving you even more money.
