Pay Package Question:
What can you salary package under the capped limit?
Answer:
Employers offer a select range of benefits to their employees. It is best to contact your HR department to determine what is offered by your organisation. Generally capped limit benefits are regular living expense payments you make such as:
☛ Mortgage repayments, rent payments, personal loan repayments, council or water rates and school fees. These are the most common expenses salary packaged under the capped limit.
☛ The grossed-up value of all capped limit benefits are reported on your Payment Summary at the end of the financial year.
☛ Mortgage repayments, rent payments, personal loan repayments, council or water rates and school fees. These are the most common expenses salary packaged under the capped limit.
☛ The grossed-up value of all capped limit benefits are reported on your Payment Summary at the end of the financial year.
| Previous Question | Next Question |
| How does salary packaging work? | Can you still salary package if you do not pay rent or loan repayments? |