There are a range of benefits available to eligible employees that do not count toward the capped amounts or incur Fringe Benefits Tax (FBT), and don’t have a limit.
The most popular of these are below.
Portable Electronic Devices
Salary package your portable electronic devices including mobile phones, laptops, smart watches and tablets and you could unlock tax and GST savings!
Relocation Expenses
Salary package eligible costs associated with employer-mandated temporary or permanent relocation to access potential tax benefits.
Self-education
Salary package fees, books and equipment for education related to your job, including courses at educational institutions, seminars or conferences, self-paced learning or study tours.
Superannuation
Salary package additional superannuation contributions, which could provide tax benefits and help grow your retirement savings, depending on your circumstances.
Airport Lounge Membership
Eligible employees may be able to save on Airport Lounge Membership through Salary Packaging.
Example
David is a school teacher, who just picked up a Mazda CX-8 through a novated lease with Paywise. His all-inclusive novated lease packaging includes vehicle finance, fuel, insurance, registration, servicing and tyres. He just has one single deduction made from his pay each fortnight.
Believe it or not, the reduction in his take-home pay equates to only $267 per week to cover all of this, and the estimated benefit over the life of the four-year lease is approximately $10,900, based on the assumptions used in this example. Actual outcomes will vary depending on individual circumstances.
Get in touch!
To start salary packaging one of these items, call us on 1300 132 532 or speak to your employee benefits consultant.
