Work smarter, not harder.
Everyone loves going on holidays, but the cost of travel can often be a barrier for many people. However, did you know that salary packaging can help you save money on vacations and other important life events?
It’s true!
By packaging certain expenses through your pre-tax income, you can reduce your taxable income and increase your take-home pay, giving you more financial flexibility for the things you love.
Here are some examples of expenses you can package through salary packaging to help you save for your next holiday:
Accommodation
Many employers offer the option to package your accommodation expenses, such as rent or mortgage payments. By doing so, you can reduce your taxable income and increase your take-home pay, allowing you to save money for your next holiday.
Travel expenses
You can also package your travel expenses, such as flights, car rentals, and public transportation, through salary packaging. This can help you save money on transportation costs and allow you to allocate those savings towards other holiday expenses.
Meals and entertainment
Another expense you can package through salary packaging is meals and entertainment. This includes dining out, movie tickets and other leisure activities. By packaging these expenses, you can reduce your taxable income and save money on entertainment costs, freeing up funds for your holiday!
Airport Lounge Membership
Next time you travel, sit back and relax knowing you saved on your airport lounge membership fees. Many employers offer the option to package your airport lounge membership.
Holiday Transport
You can salary package holiday travel expenses for a holiday of a minimum of three days leave for yourself, your spouse or partner, and children.
Overall, salary packaging is a great way to save money for your next holiday! By packaging certain expenses through your pre-tax income, you can increase your take-home pay and reduce your taxable income, giving you more financial flexibility for the things you love.
So, start planning your next holiday today and consider salary packaging as a way to save money and make it happen!