Reduce Your Taxable Income and Save on Parking Fees
Eligible employees can salary package your car parking fees when parking on your employer's business premises. This arrangement allows you to pay for parking using your pre-tax salary, reducing your taxable income and increasing your take-home pay.
Car parking fees, where the service is provided on your employer's business premises is eligible to be salary packaged. These expenses are totally exempt from FBT.
Car parking salary packaging involves using your pre-tax salary to pay for parking fees incurred while parking on your employer's business premises. This reduces your taxable income, leading to potential tax savings and increased take-home pay.
When paying for on-site car parking using pre-tax salary, your taxable income will reduce, thus resulting in you paying less income tax.
In addition, you may not have to pay GST for this benefit.
To get started, submit your parking expenses through Remunerator's salary packaging calculator, along with the required substantiation.
Work related items that are salary packaged, cannot be claimed as an income deduction as well.
On-site car parking is not valid for Victorian employees.
Package Requirements
Expenses are not included as part of the capped salary packaging threshold amount if you work in the health and charities sector.
Remunerator's reimbursement method or payments direct to the service provider are possible when salary packaging this benefit.
Payment Options
