Nearly half our clients operate in this sector, giving us a deep understanding of your needs.
As an aged care provider, research institution or other not-for-profit employer, your tax status means employees can access some of the most generous salary packaging benefits available. We understand the specifics and can help you offer maximum value to employees.
This is general information only. Before entering into any salary packaging or novated leasing arrangement, employees should consider their own objectives, financial situation and needs, and seek appropriate legal, financial or other professional advice based upon their own particular circumstances. The availability of benefits is determined by the employer. Conditions and fees apply. Smartsalary Pty Ltd, ABN 24 096 796 100, a SmartTM company.
Employees who salary package meal entertainment could also claim for holiday accommodation costs, and even party or wedding expenses.
There’s a cap across Meal entertainment, Holiday Accommodation and Venue Hire benefits of $2,650 per FBT year (1 April –31 March). Eligibility for the Holiday Accommodation and Venue Hire benefit is dependent on industry and employer.
A portable electronic device can only be salary packaged if it is used primarily (over 50%) for work purposes. Tax savings achieved through salary packaging will depend on an employee’s income tax bracket and personal circumstances.
The ATO website lists ‘remote area’ towns. Visit this ATO page to see areas which qualify as ‘remote’. Like all salary packaged items, income tax deductions can’t be claimed on packaged remote area expenses. Smart is unable to make rent, mortgage interest, or utility payments on an employee’s behalf – salary packaged amounts will be reimbursed to an employee’s nominated bank account.
