There are generous tax concessions for not-for-profit organisations. One such concession is an exemption from Fringe Benefits Tax (FBT).  Employees who work for such an organisation can receive a salary package as part of their wages and be reimbursement for personal expenses. No income tax is payable on this money. In effect, part of your wage is paid tax-free each pay day.

 

If you work for a not-for-profit organisation such as a public hospital and want to know more about the benefits of salary packaging contact Jeffkins Accountancy - Accountants Melton.