Tag "Salary Packaging"

Salary packaging exempt remote housing benefits

There is no doubt that salary packaging housing benefits relevant to accommodation in remote areas can provide significant tax savings for individual employees suit their circumstances suit as such benefits are specifically exempt from FBT.

Read more

Salary Packaging Q&A – Novated Lease at Retirement

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.

Read more

Salary Packaging Q&A – Salary Sacrifice Gym Membership

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?

Read more

Salary Packaging Q&A – Voluntary Redundancy – Constructively Received?

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 […]

Read more

Salary Packaging Q&A – Gym Membership

Council employees currently pay gym membership under a salary sacrifice arrangement. The gym is Council owned and operated by the YMCA.

Read more

Salary Packaging Q&A – Ceased novated lease changed to new lease company

An employee ceased a novated lease and started a new one with a different lease company.

Read more

Salary Packaging – Professional Certificate in Effective Salary Sacrifice

Salary Packaging – Professional Certificate in Effective Salary Sacrifice

Read more

Salary Packaging Q&A – sacrificing to a mortgage offset account

Salary Packaging Q&A – sacrificing to a mortgage offset account

Read more

Salary packaging concessionally taxed benefits

It is a no-brainer that salary packaging benefits that are fully exempt from FBT under an effective salary sacrifice arrangement will produce a tax saving advantage for employees. It is also clear that no real tax saving advantage ensue for employees where they salary package benefit that are fully taxable under prevailing FBT legislation.

Read more

Page 4 of 8« First...23456...Last »