gdcollectables

Hi

am I right in saying that you don't have to use it for a car and it can be used for mortgage payments, rent, a credit card, etc?

Are you able to Salary Sacrifice if you are weekly paid and your company runs this scheme?

Thanks

Muzzman

I am trying to do this at the moment as most people at work do. I think you can sacrifice upto $17,000, and can include mortgage, rates and domestic bills. We have a viridian line of credit so I don't know how it will work yet. Karen

ABCDiamond

Yes it can.

We checked on this for ourselves, but it wasn't a cost benefit. For some people it will be, for others it won't.

There are some groups of employers who get FBT treatment a different way, and for them it works very well.

ANA123

Thanks all for your help, its clear as mud now
Will have to find out the figures and try and work out if this will be better for us,
Cheers,
Michaela