THE CAP IS COMING…

From the 1st April 2016 the Meal Entertainment and Holiday Accommodation/Venue Hire benefits will have a combined cap of $2,550?

• Make sure you take advantage of this benefit from now until 31st March 2016 to maximise your savings whilst no cap is in place.
  
• Any balances will need to be reimbursed before 31st March 2016.
  
• Restaurants
  
• Professionally catered functions
  
• Self-catered functions
  
• Holiday accommodation in a hotel, motel, caravan, cabin or serviced apartment
  
• Cruise ships
  
• Holiday package deals where total costs are inclusive
  

Furthermore, these amounts will also become reportable on payment summaries and could impact certain government income tests such as child support, medicare levy surcharge and HECS/HELP obligations.

Novated Leasing could benefit you and provide MORE tax savings for LESS work!

• No GST on the purchase price of a motor vehicle (up to the luxury car threshold)
  
• Fleet discounts on purchase price of new vehicles
  
• Pay a portion of finance and running costs from pre-tax salary
  
• Fleet discounts on running costs
  
• Your choice of fuel card
  
• 24 hour emergency hotline
  
• Vehicle maintenance & servicing booking hotline
  

For those working in the charity sector this will be a significant change. If you would like further information, please contact 1300 408 046 or email info@salarypackagingplus.com.au