By outsourcing the administrative and compliance requirements of salary packaging
to Southgate, you can achieve the employer benefits
of providing salary packaging without incurring any additional costs or administration
burden for your organisation.
Southgate handles the entire process from initial employee enquiry, salary package
formation and implementation, and all necessary reporting processes (FBT, GST, Reportable
Fringe Benefits Amounts) through to the final processing of benefits upon employee
package termination.
Our salary packaging service removes the burden of
in-house salary packaging for employers and eliminates the common compliance issues
that often arise when specialised resources and experience are not available internally.
Benefits of Outsourced Administration & Compliance:
Compliant Supporting Documentation
Southgate assists you in developing a personalised policy to suit your organisation’s
needs and requirements. We ensure that the necessary paperwork is obtained to document
and govern the employer-employee agreement.
The collection and maintenance of supporting documents (to facilitate and substantiate
the day-to-day administration of employee salary packages) is handled by Southgate
directly with the employee.
Southgate also prepares an Employee Handbook detailing your organisation’s salary
packaging policies, which is distributed to employees when considering their salary
packaging options.
State-of-the-Art IT Systems to Enforce Compliance
Southgate has developed our own state-of-the-art IT systems to automate and enforce
compliance with your organisation’s salary packaging policies.
The IT systems prevent employees from establishing fringe benefits that fall outside
of your policy; yet they are also flexible enough to be easily upgraded in the event
that your employer policies change or legislative changes occur.
Employee Education and Enquiries
As an employer, it could not be easier to offer salary packaging to your staff.
Southgate will educate your employees about salary packaging; including developing
a detailed Employee Handbook, conducting onsite presentations
and individual consultations to address all questions.
Our knowledgeable team can handle the simplest or most complex enquiries, so there
is no need for you to assist with any employee enquiries or establishment documentation,
simply direct all employees to our Customer Service Team.
Specialised Knowledge & Experience
Most organisations do not possess the necessary skills, knowledge and experience
that are required to implement a user-friendly and compliant salary packaging program.
Southgate is an experienced, dedicated salary packaging provider, and our systems
and personnel have been developed to maintain the highest levels of compliance and
keep abreast of industry changes.
Whilst some aspects of salary packaging are simple, many common errors occur when
administered internally by an employer, which can result in significant costs, penalties
and liabilities for the organisation.
FBT and GST Tracking & Reporting
Southgate handles all reporting requirements on the employer’s behalf. We provide
24 hour online access for employers and employees to obtain a range of reports and
monitor the performance of salary packaging arrangements.
Monthly GST/ITC reports are provided to enable employers to claim back their GST
entitlements, and FBT budgeting and end of year FBT reports are provided in both
electronic and hard copy.
There is no need for employers to track GST or maintain supporting calculations
for FBT treatment of salary packaged benefits, which reduces costs and compliance
risks for the employer.