Relocation Benefits | Salary Packaging Relocation Expenses

Moving for Work? You May Be Able to Reduce the Cost

Relocating for a new role can be expensive, but certain relocation expenses may be eligible for salary packaging when your move is required for employment purposes. By using pre-tax salary to cover approved costs, you may be able to reduce your taxable income and lower the overall cost of relocating.

Whether you’re moving across town or across the country, Paywise can help you understand what’s eligible and guide you through the salary packaging process. Eligibility requirements apply.

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Relocation Benefits

How Salary Packaging of Relocation Benefits Works

Salary Packaging means the employee uses some of their pre-tax salary to pay for benefits offered by their employer, for example, relocation benefits.

It is an arrangement between the employee and employer where the employee agrees to forgo part of his or her future salary to pay for the benefit. This reduces the employee’s taxable income resulting in less income tax.

To salary package relocation benefits, eligibility requirements apply and supporting documentation may be required.

Salary Packaging Arrangement Approved (Employee + Employer meet eligibility requirements)

You pay the relocation cost upfront. Be sure to keep all original tax invoices, receipts, and supporting documents.

Employee Submits Claim to Paywise

Reimbursement claim form
Tax invoices/receipts
Required relocation evidence

Paywise will review your claim and arrange the pre-tax salary deductions. You will be advised of the deduction amount and the date the deductions will commence

Paywise will request pre-tax deductions through your payroll. Relocation costs are paid using pre-tax salary which may result in income tax savings.

After Paywise receives the pre-tax funds from your employer, the funds will be available in your bank account within 24 to 48 hours.

What Items Can Be Salary Packaged?

Employment Interviews and Selection Tests:
Transport, accommodation, or meals provided to an employee solely in connection with attending an employment interview or a selection test.

Leasing of Household Goods:
The cost of leasing household goods while occupying living-away-from-home accommodation.

Relocation Consultant Costs:
Relocation consultant costs incurred solely as a consequence of an employee temporarily or permanently relocating their residence to perform employment duties.

Removal and Storage of Household Effects:
Removal or storage costs for household effects incurred as a consequence of an employee temporarily or permanently relocating their residence to perform employment duties. Costs include transport, packing, unpacking, and insurance of effects.

Relocation Transport:
Transport, accommodation, or meals provided to an employee and family members as a consequence of an employee being required to permanently or temporarily relocate their usual place of residence to perform their employment duties.

Home Purchase Costs:
Incidental costs incurred by an employee purchasing a home because they are required to change their usual place of residence to perform their employment duties. Costs include stamp duty, legal fees, expenses of borrowing, and associated utility costs. Mortgage payments, home insurance and council rates are excluded.

Connection or Reconnection of Utilities:
The cost of connecting telephone, gas, or electricity services as a consequence of an employee temporarily or permanently relocating their residence to perform employment duties.

Home Sale Costs:
Incidental costs incurred by an employee selling their home because they are required to change their place of residence to perform their employment duties. Costs include stamp duty, legal fees, advertising, agent’s commission, and discharge of mortgage costs.

Salary Packaging

Salary packaging allows you to save thousands in tax each year, by paying for everyday items using pre-tax earnings.

Calculate Savings

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Potential benefits, savings and tax outcomes will vary depending on individual circumstances. Terms, conditions, eligibility criteria and fees and charges apply.