The 2008 budget bought changes to the FBT treatment of items such as in house dining, laptop computers and Personal Data Assistant (PDA).
In house dining is no longer FBT exempt.
In order to salary package a laptop computer or PDA, the employee must be able to prove that the item is used mainly for business use.
Business use must be substantiated and complied as per ATO requirements. sgfleet do not provide financial advice and recommend you seek independent financial advice if you are considering salary packaging. Salary Packaging with sgfleet is also subject to approval from your employer.
The following is a list of some items that may beneficial to salary package;
- Aged & Disabled Care Payments
- Airport Lounge Membership
- Child Care Fees (In-house)
- Club/Assoc. Membership & Subscriptions (Mainly business)
- Disability/Income Protection
- Financial Adviser Fees
- Gym Fees (In-house)
- Home Office Expenses
- Mobile Phones (Mainly business)
- Notebook/Laptop Computers (Mainly business)
- Personal Data Assistant (PDA) (Mainly business)
- Professional Membership/Subscription
- Self education expenses (subject to GST)
- Self education expenses (where no GST charged)
- Superannuation
- Tools of Trade & Protective Clothing
- Work-related Travel Expenses
These items are not exempt from FBT.
Child Care Fees (Non-employer owned)
Gym Fees
HECS Fees
In-house dining
Own Home Mortgage
Payments to Utilities
Personal Loan Repayments
Private Health Insurance
Private Home Rentals
Private Travel
Savings/Investment Schemes
Trauma/Life Ins. Premiums