What is Salary Packaging?
Salary packaging (sometimes referred to as salary sacrifice arrangements) is a simple Australian Taxation Office (ATO) approved way of receiving benefits (items which most people currently use such as motor vehicles, laptops and extra superannuation) by way of a pre-tax salary payment).
What Can I Package with SPNT?
The effectiveness of some items such as mortgages and credit cards depends on your employer FBT tax status or simply ask your company’s Financial Controller or Accountant.
However the more commonly used items include the following;
- New and used vehicles on a novated lease
- New and used vehicles on an associate lease
- Laptop/Notebook Computers
- Investment Property Expenses
- Top-Up Superannuation (Above the 9% SGC)
- Briefcases, Calculators, PDA’s, Tools of Trade and Protective Clothing.
- Mobile Phones and Call Costs
- Car Parking
- In house Childcare Fees
- Life/Disability/Income Protection Insurance
- Self Education Expenses
- Professional Memberships/Subscriptions & Airport Lounge Membership
- Taxation/Financial Advisors Fees
- Remote Area Housing Allowance
- Living Away from Home Allowance
- Rent
- Mortgages
- Credit Cards