In this highly competitive labour market, salary packaging can be a key strategy for attracting and retaining the best talent.
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.
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.
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.
