salary packaging is it worth it?
Oct 30th 2008, 11:44 am
#46
Has left the building
Joined: Mar 2007
Posts: 4,079
Re: salary packaging is it worth it?
Guy at work has just been stung FBT for 6 week joint to US - spent 2 days at conference and rest of time with family crossing west to east coasts. ATO audit established the trip was not fully business and therefore personal element subject to FBT. As he and family were flown first class it was a whopping big shock.
Oct 31st 2008, 2:16 am
#47
BE Forum Addict
Joined: May 2004
Location: Umina, NSW
Posts: 2,453
Re: salary packaging is it worth it?
Didnt know about the Grocery aspect, I'll check that out. If that turns out to be correct, and I'm slightly suss on that one, we will max the card limit for that aspect.
Is anyone else on here claiming groceries for entertaining ? Is my first question.... hopefully the answer is yes and you've found a loophole
However you can entertain your family, by that I mean your Husband and Kids... you are definitely covered for family meals out. EG: everyone that has one of these cards at the Royal Melbourne does that now.
Is anyone else on here claiming groceries for entertaining ? Is my first question.... hopefully the answer is yes and you've found a loophole
However you can entertain your family, by that I mean your Husband and Kids... you are definitely covered for family meals out. EG: everyone that has one of these cards at the Royal Melbourne does that now.
Jo
Oct 31st 2008, 10:29 am
#48
finally in melbourne
Thread Starter
Joined: Apr 2008
Posts: 180
Re: salary packaging is it worth it?
the agency came back to me and has confirmation that my employer does NOT offer LAFHA. I am really disappointed as that would have been really needed money.
Could i leave it till i arrive in oz and talk to employer once i start work, maybe??
Could i leave it till i arrive in oz and talk to employer once i start work, maybe??
Nov 3rd 2008, 1:28 am
#49
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Joined: Jul 2008
Posts: 1,048
Re: salary packaging is it worth it?
I thought about it. It was a novated lease scheme. But, the car had to be either new or 2nd hand above $15000. Since the car would be bought with a loan, there was the interest on that loan plus a monthly $10 administration charge. It didn't suit me, as I'm just happy anything as long as it has four wheels, an engine and seats. I also bought the car with savings rather than wanting the hassle of finance.
Nov 3rd 2008, 2:19 am
#50
Lost in BE Cyberspace
Joined: Feb 2005
Posts: 15,526
Re: salary packaging is it worth it?
I thought about it. It was a novated lease scheme. But, the car had to be either new or 2nd hand above $15000. Since the car would be bought with a loan, there was the interest on that loan plus a monthly $10 administration charge. It didn't suit me, as I'm just happy anything as long as it has four wheels, an engine and seats. I also bought the car with savings rather than wanting the hassle of finance.
Yes similar story for us, we didnt want to borrow, just to get a car cheap.
I'm hoping to find someone out there, that didn't have a loan to pay off or other expenses, that did buy a car though.
Interestingly it seems the lure of a cheap car, with strings, is resisted by most in the medical profession
