How to use Paywise salary packaging and reviews

How to use Paywise salary packaging and reviews

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Are you interested in paying less tax and buy what you want? Paywise salary packaging can be a good option for you. This blog post will explain how you can save your money using Paywise salary packaging and how people think about it. Let’s first have a look at what the salary packing is.

What is it?

Salary packaging is a way to use your current salary to purchase items in pre-tax. There are certain items you can buy using this scheme. You can choose a single or multiple items for salary packaging. There are big and small items that can be packaged.

Big Items

Novated lease vehicles can be paid by using the package. You can cut down a huge amount of money with salary packaging. How does this exactly save your money? It is not too complicated. By selecting this novated lease vehicle option, you basically contribute some amount of your salary for a car, and you don’t pay tax for that amount. By this, you can save thousands of dollars over the lease term.

Please note that this is not something you can decide to use by yourself. Your employer should provide this option. You need to check your contract or employee benefits if they provide this to their employees. If you plan to buy a car and your employee provides this option, use this because it will give you a lot of benefits.

It not only covers the car purchasing price, but also includes running costs. You can buy a new, used, or even your current vehicle! With this, you can save on income tax, the GST on the purchase price, and all the tax and GST on all running costs. Not finished yet! You can get a discount on tyres and service costs as well.

One thing people are not aware is that you can use this for your immediate family – partners or your children.

Mortgage is also a big item you can save using salary packaging. It is not just for your mortgage, but also rent payment. Depending on the conditions that your employer provides, details can vary. The following is based on $9010 yearly contribution.

If you plan to use it for your mortgage, there are some things to remember.

  • Only available for the residence that you currently live.
  • Payments directly made to your bank.
  • Repayments can only be paid to a mortgage account, not to a loan offset account.
  • You must be proven to be the borrower or be a spouse of the borrower.

If you plan to use it for your rent,

  • Only available for the residence that you currently live.
  • Only full of part of the payments.
  • Payments directly made to the real estate agent or landlord.
  • You should submit the current lease agreement.
  • Payments made to the end of current rental agreement.

If you can meet these conditions, you can benefit a lot from this option.

Small Items

Living expenses – You can buy a car or a house, why not smaller item. You can save everyday expenses including groceries, bills, clothes and more. How you can use this option for small items? You don’t need to keep invoices and receipts. You just need a Paywise card and use it for each purchase. Your fortnightly contribution is transferred to your card and will be made available within 48 hours from your employer sends money to you.

To check the current balance and status, you can use the Paywise Member Portal anytime.

Electronic devices – You can also save tax payment to purchase mobile phones, tablets, and laptops. This option will allow you to save GST and take advantage of your taxable savings.


How would people think about these great benefits? To answer this question, I went to to read through the comments of people. I was able to see positive comments on salary packaging. Let me share some of the comments.

If you have it, it is great and you should use it as much as you can.” – DAVE

“VERY worthwhile.” – SStar01

Although I could find positive feedback, people gave advice that it is safer to get independent financial advice, so that you don’t have to be surprised regarding tax payment.


Paywise salary packaging provides a wide range of great benefits to employees. If your employer has these options given to you, I would recommend to use it. But, please ask your colleagues and financial advisor before making a decision to make sure it does not negatively impact your tax payment at the end of a financial year.

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