If you or your employees work in a remote area, there are a number of tax incentives that may be available. Benefits that can be packaged include: 100% of your mortgage interest for the residence you live in as well as only half the amount you package attracting Fringe Benefits Tax (FBT). 50% of the…
Australia is a big country, meaning moves — interstate, between cities and from elsewhere in the world — for work are common. There are a number of ways you can save money throughout the relocation process, provided you plan correctly. Pay@bility can assist by managing the salary packaging of relocation expenses to obtain tax savings.…
Let’s face it, we all work hard to make and save money. What if I told you that salary packaging could help you save more money? If you’re employed and earn enough to pay tax, you’re the ideal candidate for salary packaging. There are several items you can salary package to significantly reduce the amount…
Throughout the many years I have been involved in the salary packaging industry, this is the question that I’m asked most often. On the whole, novated leases are becoming increasingly popular in Australia, especially when buying a new car. If you are going to buy a new car, there are four key points to be…
