What can I use my Eziway card for?
What can I use my Eziway card for?
With our one – card solution, you can use your Salary Packaging Card to conveniently pay for your living expenses, meals and accommodation, with the added benefits of… Mastercard contactless transactions up to $200. Real-time information at your fingertips with live account updates.
How do I check my Eziway balance?
You can check your card balance and transaction history by visiting www.sam.emerchants.com.au. You will need the details on your card to do so. You can also contact our Customer Support team on 1300 739 889.
How do I activate my Eziway card?
From the homepage choose ‘MyEziway Cards’. Visit the Eziway website and login with your username and password. Go to My Card Information, and select the Activate icon on the right side of the screen. Enter your activation code (found at the top of the letter attached to your card) and click Get Onetime Passcode (OTP).
What are entertainment benefits?
The Entertainment Benefit allows you to package the. cost of dine-in meals, accommodation and bundled holidays above the cap to extend your tax savings further.
How does salary sacrifice work?
Salary sacrificing is an arrangement made between you and your employer. Some employers use a third party to facilitate salary sacrificing for their employees. Once this agreement is in place, an agreed amount will be deducted from your pre-tax salary to go towards your benefits over a predetermined amount of time.
How does salary packaging work?
Salary packaging flips this around: your employer pays you the same salary but you pay for selected expenses before the tax is taken out, rather than after. This could reduce your taxable income and give you more money to spend on the things you want.
What qualifies as meals and entertainment?
Entertainment expenses include the cost of meals you provide to customers or clients, whether the meal alone is the entertainment or it’s a part of other entertainment (for example, refreshments at a football game). A meal expense includes the cost of food, beverages, taxes, and tips.
How many entertainment cards can you use?
How many devices can use the same Membership on the App? You can connect five different devices to one Membership.
What is the downside to salary sacrifice?
The risks and disadvantages associated with a salary sacrifice arrangement include lack of accessibility, fluctuations in savings and possible reduction in employer contributions. While these are the main disadvantages of salary sacrifice arrangements, other risks also exist.
Is it worth it to salary sacrifice?
Benefits of Salary Sacrifice The advantages of salary sacrifice are that you are buying the benefit in pre tax dollars. That is, if your tax rate is 32.5%, you get 32.5% better buying power. Example: Say an individual earns $100,000 a year and wants to buy a new car for work purposes, worth $22,000.
Does salary packaging give you more money?
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.
Is salary package good?
Many people are quick to point out the advantages of salary packaging, ignoring the disadvantages and potential pitfalls and risks. 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.