Can you salary sacrifice rent

What exactly can I package? You could salary package rental payments for your home. Ready to get started? You don't have to earn a lot to do more with your money. Get a quote today. Keen to find out more about salary packaging the RemServ way? Contact Us. Call 30 39 Did you know.

The advantages of salary sacrifice are that you are buying the benefit in pre tax dollars. That is, if your tax rate is If salary sacrificed super contributions are made to a complying super fund, the sacrificed amount is not considered a fringe benefit for tax purposes.

The amount of the contribution will not be liable to fringe benefits tax and the contributions will not be included as a reportable fringe benefit amount on the employee's payment summary. Salary sacrificed contributions are treated as employer contributions. As superannuation contributions are not subject to FBT and are not reportable benefits, they are attractive to salary package.

The employee on higher marginal tax rates will have higher savings. Salary sacrificed contributions to a super fund form part of the 'concessional contributions' in the fund. However, there is a cap on the amount of concessional contributions that each member can enjoy each income year. If a person has contributions made to more than one superannuation fund, all contributions are aggregated. If the concessional contributions cap is exceeded any excess concessional contributions are included in the assessable income for the corresponding year and taxed at the person's marginal tax rate.

They are also liable to pay the excess concessional contributions ECC charge. If the concessional contributions cap is exceeded and the calculated tax liability for the year includes the excess. Tax savings. Maxxia Marketplace. Car lease. Fully maintained.

Workplace benefits. Maxxia Online. Reduced taxable income. Employee benefits. Maxxia Wallet. Salary sacrifice. Tax benefits. Pre-tax salary. Remote area. Living expenses. Less tax. Tax tips. We have made assumptions when producing the calculations, including: Fees and charges: The estimated repayment amount does not include any fees or charges.

Repayments: Repayments are indicative only. When calculating repayments, we have had to make a number of assumptions which may affect the accuracy of the amounts shown. They include: That the interest rate displayed will not change and will apply for the full 30 year loan term or as selected by you as we can't predict what rates will do in the future. That interest is charged to the loan account at the same frequency and on the same day as the repayments are made this may not be the case for your loan.

One year is assumed to contain exactly 52 weeks or 26 fortnights. This implicitly assumes that a year has days rather than the actual or Repayments are principal and interest repayments. Get your tailored home loan report. Start Now. Get your free mortgage snapshot! Get started.