Salary package the cost of your holiday expenses up to the capped limit of $2,650. You can salary package pre-tax anything from an overnight stay to accommodation expenses on your dream overseas holiday.
You can use your Eastern Health's Meal Leisure Card to pay for your accommodation expenses direct with the provider or book and pay expenses through a travel agent. For more information please check our policy guide.
It’s another great way for you to make the most of your salary packaging because it’s over and above your $9,009 limit.
Every time you dine out, you are using money allocated from your pay that has not been taxed. As a guide, if you are earning over $18,000 and under $37,000 a year you have the potential to save 19% on your accommodation expense and 32.5% if you earn over $37,000 a year.
Example: Tom earns $45,000p.a and spends $2,650 on 5 nights holiday package on the Gold Coast, by salary packaging his accommodation expense, Tom has achieved $816 in Tax Savings! Now that holiday has only cost $1734!
Find the relevant forms to submit to Eastern Health to claim relevant entertainment benefits.
The following are benefits that can be claimed.
Dining out expenses (eg. Restaurants, Bistros, Cafes, Pubs, Clubs) in excess of $15
Catering costs of a party, where a catering service has been hired
Accommodation expense (within Australia or Overseas).
An all-inclusive holiday package (including flights, accommodation, tours and meals)
Hiring a marquee, function room or reception centre for a family function (wedding, engagement, birthday celebration).
Hiring cost of a mobile home, campervan or Winnebago, where site fees are included in the cost of hiring a mobile home.
Accommodation on a ship or train (such as a cruise, or sleeper cabin on a train).
Hire of a yacht, plane or other vessel (in it's entirety).
Collect tax receipts, paid by cash or personal card and claim by reimbursement.
When you make a claim we will deduct and reimburse you from your pay, pre-tax!
Or, let us know how much you would like to regularly set aside from your pre-tax salary and submit your claim through the year.
Or choose to have the funds deposited to your Meal Leisure Card.
Salary packaging this benefit will result in a Reportable Fringe Benefit Amount (RFBA) on your annual income statement.