There is no doubt that salary packaging relocation benefits pertaining to relocation costs that employees may incur when required to relocate relevant to their employment duties can provide significant tax savings for individual employees should their circumstances suit as such benefits are specifically exempt from FBT
Is it possible to split superannuation contributions into two separate super institution? Employer’s, both standard and additional contribution, in one super fund and salary sacrifice paid into separate super fund.
A staff member has a novated lease vehicle ending in July 2014. He is retiring prior to this date and would like to use his entitlements ($) at retirement date (Annual Leave & Long Service Leave) to pay out the residual on the novated lease contract.
The Council provides staff with salary sacrifice arrangements for Gym membership at a discounted rate. The Gyms are owned by the Council. Is this benefit exempt from FBT for 31 March 2014? Also is it a reportable fringe benefit for 31 March 2014?
Council is currently embarking on a restructure program and asking employees to nominate themselves for consideration of a voluntary redundancy. The due date for nominations is Easter 2014 with decisions to be made by 5 May 2014 as to whether or not the voluntary redundancy will be accepted. The termination date would then be at […]
An employee ceased a novated lease and started a new one with a different lease company.
Salary Packaging – Professional Certificate in Effective Salary Sacrifice