EML PAYMENTS LIMITED (ASX: EML) (“EML”) is pleased to announce that it has entered into an eight year agreement with Smartgroup Corporation Limited (ASX: SIQ)(‘Smartgroup’) to be their provider of branded General Purpose Reloadable card programs for payout of Salary Packaging benefits. EML is the largest provider of payment solutions and gift cards to the salary packaging industry, with more than 175,000 benefit accounts already in the market. - EML - my employer - my salary packaging provider for any loss arising from the use of the card by the partner cardholder. These types of salary sacrificing arrangements can also be referred to as salary packaging. The salary packaging funds will be available on your card the day after pay day. Reviews from EML employees about EML culture, salaries, benefits, work-life balance, management, job security, and more. Mortgage. However, the actual dollar amount that customers can spend per FBT year for both benefits combined is $2,650. Eziway Salary Packaging Pty Ltd ACN 111 353 765 (Eziway) is the Salary Packaging Provider who has established arrangements with Employers for the issue of Cards to their employees. Reviews from EML employees about Pay & Benefits. Conditions General. Account keeping fees – monthly (15th) The fee for the LE/ME Card is $5.50 (GST inclusive) per month. You can also access this information via your Online Account. Salary packaging can work but you need to be looking for a low cost car and making after tax contributions and using the car reasonably extensively. Your benefits and savings will vary depending on your personal objectives, financial situation and needs. Access to both physical cards and EMLs mobile payments capability to access their funds. What is Novated Leasing? The new contracts will increase the number of EML's salary packaging customers from 187,000 to 300,000 by April next year. We’ll help restructure your salary so you can use pre-tax dollars to pay for a range of every day expenses, effectively reducing your taxable income, and saving you on income tax. Once you have logged into the Benefits app, you can add your card to your Google Pay or Samsung Pay … The salary packaging payment account is for general living expenses with only limited restrictions The meal and entertainment payment account is for food and beverage expenses only with this restriction being managed through EML proprietary processing engine and merchant code restrictions. The grossed-up value of these benefits combined would be $5,000. If you’re happy with your car and would like to continue getting the tax benefits of salary packaging, you can simply refinance your vehicle for another term. Deduction Details outlines the b enefit that is being packaged and the d … Once you have … Employers in this industry sector are eligible to provide a salary packaging programme with benefits up to a specified amount. Salary packaging is only available to eligible employees of the Queensland Government as per the Standing Offer Arrangement PTDOD27-16. To determine an Employee's eligibility for a Card, and whether a Card is right for that Employee, you should consult your Salary Packaging Provider or other financial advisor. Your benefits and savings will vary depending on your personal objectives, financial situation and needs. Upon successful completion of your application, you will be issued a single card for yourself. Eligibility criteria and terms and conditions apply. One simple payment from your salary covers everything - making it easy and potentially saving thousands in tax. New car; Used car; ... except the funds are drawn from your salary packaging account. Apple EML Benefits app; Android EML Benefits app; Will EML provide support for cardholders? Salary packaging powered by EML’s technology means that you won’t need to carry multiple cards in your handbag or wallet. You can also access this information via your Online Account. The Salary Packaging and Meal EntertainmentCard offers you a convenient way to spend your salary packaging funds and comes with the security and simplicity of being able to be used wherever prepaid Mastercard is accepted (subject to the restrictionslisted). Further that card can de physical or mobile, making the whole process simpler for everyone. (Plus EML (card provider) fee of $2.04 per benefit, per fortnight (GST incl)) ... Access a full suite of salary packaging benefits for all sectors, from novated leasing, superannuation, meal and entertainment, and mobile phones and tablets. It is effectively exempt from FBT. ... fuel, insurance or servicing. Pros of salary packaging Attract employees. PBI Solutions can be contacted on 1300 139 224. This cap is separate to the $17,000 ‘grossed up’ salary packaging cap. Eligibility criteria and terms and conditions apply. | Read 21-40 Reviews out of 47 Eziway Salary Packaging Pty Ltd ACN 111 353 765 (Eziway) is the Salary Packaging Provider who has established arrangements with Employers for the issue of Cards to their employees. The grossed-up taxable value of a benefit is the salary that employees would have to earn in order to purchase the benefit from after-tax dollars. ... EML, confirms your identity once your salary packaging card balance reaches $5,000. Whether you serve businesses or consumers, EML makes your payment processing more efficient and secure from start to finish, while helping you improve customer service and increase brand loyalty. Benefit claim forms. We recommend you obtain independent financial or taxation advice before making any financial decisions. ... Talk to Maxxia today about salary packaging. The FBT rate is currently 47% (wef from 1st April 2017), of the grossed up taxable value of fringe benefits provided. Salary Packaging Benefits. Salary Packaging Card. Products and services including workers compensation, general insurance and life insurance personal injury claims management are provided by different entities in the EML Group. RFBAs do not affect your income tax liability but the ATO will take them into account when determining certain other obligations and entitlements. Salary packaging support in response to COVID-19 ... Ability for cardholders to check your balance on the go and keep track of transactions directly from the EML Benefits mobile app; Card-free purchases via digital wallets, such as Apple Pay and Google Pay. Management,have their favarouite and that's how staff get promoted. Products and services including workers compensation, general insurance and life insurance personal injury claims management are provided by different entities in the EML Group. * Foreign Exchange Fee is charged at the time of transaction and is included in the total purchase price. One of the most basic benefits of all for employers is that, in offering salary sacrifice options, employees will see their place of employment as desirable. The cap applies to the combination of salary packaging benefits and non-salary packaging benefits (the latter being any fringe benefit provided by the employer outside of the salary packaging arrangements). The EML Benefits mobile app provides you with secure and convenient access to your salary packaging account anytime, anywhere. EML is the largest provider of payment solutions and gift cards to the salary packaging industry, with However, you can benefit from salary packaging a car (also known as a novated lease) and paying for your vehicle and running costs from your pre-tax income, as the savings you make with a novated lease are linked to the value of the car rather than your salary. ... Reportable fringe benefits amounts. Your available salary packaging benefits will appear – under ' EML Living Expenses Card ', click ' Add Benefit '. The first payment to the EML Card will happen on the first pay day in April 2020. Shows salary packaging deductions for past and upcoming pay dates The most common reason a confirmation report is sent out is because a change has been made to these future deduction requests. The easy to use EML Benefits app will provide you with access to your card balance as well as your transaction history. * Annual Benefit fee is determined and charged by the Salary Packaging Provider prior to Value being stored on the Card and is not retained by either EML or Heritage. This results in a lower taxable income, so that you’ll pay less tax, and increase your take home pay. According to the release, the agreement will see EML Payments become Smartgroup’s provider of branded general-purpose reloadable card programs for the pay out of salary packaging benefits. Once you have logged into the Benefits app, you can add your card to your Apple Wallet. AccessPay Pty Ltd ACN 098 850 803 (“AccessPay”), is the Salary Packaging Provider who has established arrangements with Employers for the issue of Cards to their employee. Put simply a $20,000 car purchase cost brings a 20% Fringe benefit value on the default (Statutory method-if you can't justify a log book because of low business kilometres) method is $4000. towards EML or your Salary Packaging Provider. However, such salary sacrifice arrangements are outside of the scope of this article. The EML Benefits App Enjoy the convenience of having all your salary packaging information at your fingertips. The product set that was developed by EML and PayWith had not seen before in the industry, however it has increased both the value proposition for all cardholders and generated additional revenue for MMSG, EML and other Salary Packaging partner such as AccessPay, who have since joined the program. And because EML offers a whitelabel solution - with the clients branding on the cards - clients perform intensive vetting of the solution beforehand. Salary packaging support in response to COVID-19 ... Ability for cardholders to check your balance on the go and keep track of transactions directly from the EML Benefits mobile app; Card-free purchases via digital wallets, such as Apple Pay and Google Pay. I authorise Salary Packaging Solutions Pty Ltd (Advantage) to request and pay the Card fee as part of my salary packaging arrangement. The salary packaging funds will be available on your card the day after pay day. Upon successful completion of your application, you will be issued a single card for yourself. Our portfolio offers innovative financial technology that provide solutions for payouts, gifts, incentives and rewards, and supplier payments. Entertainment – Heidi Halson • CEO Global, Entertainment Publications of Australia Pty. All salary packaging proposals are subject to the requirements of your employer. Salary packaging powered by EML’s technology means that you won’t need to carry multiple cards in your handbag or wallet. EML Payments Australia Finance. Including this contract, EML expects to provide services to more than 260,000 benefit accounts by April 2022.Total annual Gross Debit Volume for this vertical is expected to be approximately $2 billion once the transition is complete. You can also contact your salary packaging provider if … 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). Products and services including workers compensation, general insurance and life insurance personal injury claims management are provided by different entities in the EML Group. At nlc, our goal is to make salary packaging easy – saving you time and money with minimal cost and maximum convenience. Salary Packaging … Complete the Salary Packaging Card Application Form and send it to the Employee Benefits Team at salary.packaging@health.nsw.gov.au. EML Group is a partnership between Employers Mutual Limited ABN 67 000 006 486 (an Australian owned mutual) and ASWIG Management Pty Limited ABN 52 002 617 012. ... EML also benefits from a capital-light business model. How to apply for the EML Benefit Card Click ' Apply Now ' to sign up online and create your Smartsalary account. Once at full potential, EML expects to earn between $4 - $8 million revenue per annum from the incremental volumes in this contract, provided there are no adverse changes in market conditions. EML has worked with Smartgroup since 2017 and currently manages approximately 50,000 benefit accounts. Your card information is secure because it isn’t stored on your device or shared when you pay. You pay tax only on the remaining portion of your salary, not the salary packaged money, significantly reducing the income tax you pay, resulting in increasing your take-home pay. All salary packaging proposals are subject to the requirements of your employer. EML’s primary revenue derives from a monthly transaction fee per benefit account alongside other revenue streams of interchange, interest, FX fees, transaction fees on Non Reloadable cards sold and breakage. Salary sacrifice participants no longer need to carry a number of cards, one for every benefit account. Yes, EML has engaged PBI Solutions to provide support for your card. With EML, you will be empowered with more control, transparency and flexibility over your payment processes. Check out Maxxia's range of salary packaging benefits that you could be entitled to, dependent on your industry and employer. It is understood this represents around 75 per cent of the market. EML Signs Multi-Year Agreement with Smartgroup. For more information in this regard please visit the ATO website. ÝtABbɑJ"øhv¯û\LZ ðšýÜíœéÑ~ïvj[×}ÑÙÕõ7E±¹wû|¾ÙM}¦(9à²`˜Äܸlœ¤a‹Y(»k ³=ÃJbƝ–I+[ûNÆN"§­v~UlQœ¸ýڄ=Üúe2¡X¸,¢ŒÌÐl~PÑÊ,Ù3K"‚¥ôMj{\vF3e¦—GXÿ™²GiTÏÚd‘ 12÷œ**œÆ ‘8QÆ=Æ0ˆSM½Ö)M½BsЩËût‘†Æôõ' òjt9FQc±À‰ñ ƒK¬^ rõ ƒR,éÑ0XSTb­fßä"aZŒõôˆK –Bèwùb÷齁vöHü©¯Ipi®ôUsÿ±¥ À—$8"õñµ•ä* ¬S¬6‚©aøàÁ¯;ܼ7Ì}4÷È´OvގÌõó•m¹0ý-Ç¿™ž¶Å¿‡œQÌe}[L4ûG¬âÿ3âRa¡&©5"©6D3Cm±Ÿm§ƒM^ö¼ Continue here to access the tools available to get you started. TR 2013/6 Fringe benefits tax: otherwise deductible rules and Division 35 of the Income Tax Assessment Act 1997; A salary sacrifice arrangement is between an employer and an employee. Check out what 47 people have written so far, and share your own experience. There are many pros and cons and limits with salary packaging. My digital EML Salary Packaging Card Enjoy the benefits of your EML Salary Packaging Card with your mobile digital wallet. Same goes for malls and salary packaging. The easy to use EML Benefits app will provide you with access to your card balance as well as your transaction history. Access your salary packaging benefits instantly, easily and securely. If you choose to salary package the $15,900 & $2,650 benefits, that money is deducted from your pre-tax salary. You are then ready to … EML Group is a partnership between Employers Mutual Limited ABN 67 000 006 486 (an Australian owned mutual) and ASWIG Management Pty Limited ABN 52 002 617 012. Your benefits and savings will vary depending on your personal objectives, financial situation and needs. The implications of salary packaging for you (including tax savings and impacts on benefits, surcharges, levies and/or other entitlements) will depend on your individual circumstances. The first payment to the EML Card will happen on the first pay day in April 2020. Account keeping fees – monthly (15th) The fee for the LE/ME Card is $5.50 GST inclusive per month which will will be charged to your account on the 15th of each month. Check out Maxxia's range of salary packaging benefits that you could be entitled to, dependent on your industry and employer. The following conditions apply to all meal entertainment activities: meals and drinks consumed must total more than $15 Finance Fuel Insurance Servicing Buy. The food or drink that is not provided under a salary packaging arrangement is excluded from the cap and from the reportable fringe benefits amount. We recommend you obtain independent financial or taxation advice before making any financial decisions. Access your salary packaging benefits instantly, easily and securely. Contact your Salary Packaging Provider, they will advise you how to apply for an EML ME/LE card. Everyone. This card is your proxy card and is all you’ll need to … AccessPay is an authorised representative of EML (authorised representative number 0001254001) and is authorised by EML to arrange for the issue of the Card. 41. ... Talk to Maxxia today about salary packaging. It is understood this represents around 75 per cent of the market. Salary packaging can benefit both the employer and employee, some of the advantages are: It offers the employee choice to choose how they receive their income. Packaging towards the $2,650 Cap will result in a Reportable Fringe Benefit Amount (RFBA) on your annual PAYG summary. Access your salary packaging benefits instantly, easily and securely. EML is the largest provider of payment solutions to the Salary Packaging industry with more than 160,000 benefit accounts already in market. If you’re ready for a change – choose the car you want and salary package another vehicle. Full Novation So Many Benefits How it works. Packaging towards the $2,650 Cap will result in a Reportable Fringe Benefit Amount (RFBA) on your annual PAYG summary. Follow these easy steps to see how much Tax-free cap do you have left to claim: Log into your Smartsalary account online From the top menu bar, select 'My benefits' and click 'Capped benefits' Reviews from EML employees about EML culture, salaries, benefits, work-life balance, management, job security, and more. Salary Packaging Card Application EML Meal Entertainment & Living Expenses Cards NSW Health Salary Packaging Card Program EML Payments Pty Ltd are the approved supplier of NSW Health Salary Packaging Cards. Eziway is an authorised representative of EML Salary Packaging could save you $1000's! Team leader's do not help case managers if they have a question. Eligibility criteria and terms and conditions apply. The information in this PDS does not take into account your individual objectives, financial situation or needs. (Plus EML (card provider) fee of $2.04 per benefit, per fortnight (GST incl)) ... Access a full suite of salary packaging benefits for all sectors, from novated leasing, superannuation, meal and entertainment, and mobile phones and tablets. The new contracts will increase the number of EML's salary packaging customers from 187,000 to 300,000 by April next year. EML Capital Group has 5 stars! Category: For Employees . Employers that offer salary sacrifice programs are popular places to work. $5 per month on average to participants; An innovative End of FBT Year Non Reloadable program allowing participants to efficiently expend unused funds prior to 31 March annually; An innovative end of employment Non Reloadable program allowing participants to efficiently expend unused funds prior to ending their employment; and. EML Group is a partnership between Employers Mutual Limited ABN 67 000 006 486 (an Australian owned mutual) and ASWIG Management Pty Limited ABN 52 002 617 012. Salary packaging (also known as salary sacrifice) is an arrangement between employees and employers whereby the former pay for some items or services straight from their pre-tax salary. Eziway is an authorised representative of EML EML is the largest provider of payment solutions to the Salary Packaging industry with more than 160,000 benefit accounts already in market. Salary Packaging Benefits; Salary Packaging Calculator ; Novated Leasing. The revolutionary EML Salary Packaging technology solution allows customers to have multiple benefit accounts funding a single card managed by a virtual wallet. Salary Packaging enables you to spend a portion of your pre-tax salary on everyday expenses, meal entertainment benefits, as well as many other items. There are two different cards available for employees to access Salary Packaging benefits: 1. 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). Add to Wishlist. The Paywise Mastercard is issued by EML Payment Solutions Limited ABN 30 131 436 532 AFSL 404131 pursuant to license by Mastercard Asia/Pacific Pte. ... NSW Health EML Card Application Form NSW Health EML Card – Product Disclosure Statement ... Do you want to apply for salary packaging? All salary packaging proposals are subject to the requirements of your employer. We issue mobile, virtual and physical card solutions to some of the largest corporate brands around the world, processing billions of dollars in payments each year, and manage more than 1,200 programs across 21 countries in North America, Europe and Australia1. We recommend you obtain independent financial or taxation advice before making any financial decisions. EML have partnered with beCarWise to help you! Including this contract, EML expects to provide services to more than 260,000 benefit accounts by April 2022.Total annual Gross Debit Volume for this vertical is expected to be approximately $2 billion once the transition is complete. The employee forgoes part of their future salary in return for benefits the employer provides. If you work at a PBI30, you are able to package a tax-fee cap of approximately $15,900. Category: For Employees . EML also provides Salary Packaging cardholders access to: A Merchant Coalition program that delivers savings at more than 5,000 merchants which generate savings of approx. Use the EML Meal Entertainment Card to pay for restaurant, take away and delivery meals with your pre-tax dollars. For more information on EML Payments Limited, visit: EMLpayments.com, Privacy Policy | Terms and Conditions, EML Signs Multi-Year Agreement with Smartgroup.pdf. Living Expenses Card (LEC) {4ÚûÖûÔ±FZۑ7È)LöÖ04. This card is your proxy card and is all you’ll … The EML salary packaging solution provides customers with our innovative wallet technology allowing them to access both the salary packaging account and the meal and entertainment account through a single card. 1.1 What are the benefits of the Salary Packaging and Meal Entertainment Card? Meal Entertainment is a reportable fringe benefit with a $5,000 ‘grossed up’ cap, and will be included on your income statement.

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