Private Education Living Expenses

You could save on your home loan, rent, groceries and just about anything else.

Everyday living expenses covered by your pre-tax salary

Want to enjoy tax savings on everyday living expenses such as mortgage, rent, bills or other everyday items? As an employee of a rebatable employer, you can! You can salary package up to $15,900 every Fringe Benefits Tax (FBT) year (1 April - 31 March) for expenses like these.

Generally, your tax savings expenses will vary depending on your level of income and may not be beneficial for employees earning less than $120,000.

You need to pay FBT when you salary package living expenses benefits. However, the good news is, that you will be eligible for a 47% rebate.1

What can you include?

The maximum you can salary package for living expenses each FBT year is $15,900 and you can include one or more of the following expense types.

Regular expenses

You can salary package regular expenses such as your mortgage, rent, or personal loan repayments completely tax-free.

For these expenses all you need to do is send us your supporting documents once and we'll set up ongoing packaging - it's as easy as set and forget.​

Variable expenses

You can choose salary package variable expenses such as your everyday living expenses and credit card repayments by submitting regular claims with proof of payment for these expenses every FBT year.

 

 

 

Smartsalary Salary Packaging and Meal Entertainment card

If you want to keep your salary packaging flexible, the easiest way to do this is to choose a salary packaging card. It's a Mastercard™ loaded with your pre-tax dollars that you can use every time you make a purchase.

Check your eligibility.

Your eligibility is dependent on your employer's salary packaging policy and your employment status. Use our salary packaging calculator to see which benefits you can package and how much you can save.

 

FAQs

Can I salary packaging if I have an education debt?
Can I roll over my unused tax-free cap to the following Fringe Benefits Tax (FBT) year?

 

 

Calculate how much you could save.

 

Important information:
This is general information only. Before entering into any salary packaging or novated leasing arrangement, you should consider your objectives, financial situation and needs, and, seek appropriate legal, financial or other professional advice based upon your own particular circumstances. The availability of benefits is determined by your employer. Conditions and fees apply.

1. The rebate for the 2018 FBT year onwards is 47% of the gross FBT payable, (subject to a cap of $30,000).