What can you salary package NSW Health?

You can package up to $9,009 of your salary. Salary packaging is recognised by the Australian Taxation Office (ATO) as a fringe benefit. Fringe benefits provided by NSW Health are not liable for Fringe Benefits Tax (FBT) because NSW Health is registered with the ATO as a Public Benevolent Institution.

What living expenses can I salary package?

You can use it for everyday expenses such as:

  • groceries.
  • petrol.
  • restaurant and café meals.
  • travel or booking a holiday.
  • gas, electricity and telephone bills.
  • council and water rates.
  • theatre and movie tickets.
  • clothes.

Can I salary sacrifice a laptop computer?

A laptop, notebook computer or similar portable computer (eg. tablet device) can be included in your salary package and is exempt from Fringe Benefits Tax if used primarily for work purposes.

What can I salary package not-for-profit?

NFP employees can package up to $15,900 every year, which is the maximum capped amount. Salary packaging is an option. For those that do use it, you will only pay tax on the remaining portion of your salary, significantly reducing your taxable income.

Is salary packaging legal?

Yes. If you are hired on a temporary contract which is longer than three months, you can salary package.

Is salary packaging worthwhile?

The main benefit of salary sacrificing is that it reduces your pre-tax income, and therefore the amount of tax you must pay. For example: if you’re on a $100,000 income, you may agree to only receive $75,000 as income in return for a $25,000 car as a benefit.

Can I salary sacrifice groceries?

With the Salary Packaging Living Expenses Card, you may be able to package up to $15,900 (depending on your employer) of your gross annual salary for everyday items, such as bills, groceries, clothing, private travel and many more.

Can you salary sacrifice food?

Under an effective salary sacrifice arrangement, an employer who is not income tax-exempt allows an employee to purchase restaurant meals on a corporate credit card. The employer is responsible for paying for any purchases on the card.

Can I salary sacrifice an iPad?

A machine for personal use isn’t eligible for salary sacrifice. However, you might run into a problem with the iPad and software purchases. The ATO rules note that you can only purchase one item in the categories “portable electronic device” and “computer software” and remain exempt from FBT.

Can I salary sacrifice a mobile phone?

Devices such as a laptop computer or mobile phone are free from FBT, making them ideal to buy via salary sacrifice. However, to obtain the FBT exemption the devices must be used primarily for work.

Can you salary sacrifice groceries?

If you work for a charity or other not-for-profit organisation, you can salary package up to $15,900 each Fringe Benefit Tax (FBT) year for general living expenses. General living expenses covers many of the everyday expenses you would usually pay such as groceries, petrol, mortgage, rent or even school fees.

Is salary packaging worth it not-for-profit?

Salary packaging works well in the not for profit space as NFPs have a different tax status to that of commercial employers. Many non profit organisations are eligible for Fringe Benefit Tax concessions… and depending on your NFP’s status, you may even be FBT exempt.