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Remote Area Allowance
Save tax if you pay rent to your employer for remote area accommodation.
Savings go further
Living in a remote area? If your employer provides your accommodation, you can salary package your rent. To qualify, your location and your living arrangements need to meet certain criteria laid down by the ATO, so get in touch with us for all you need to know.
Savings go further
If your employer provides your remote area accommodation, you can salary package the rent you pay while living there. Your employer must own or lease the housing and have an internal arrangement to sub-lease it to you.
You’ll need to check the map to see if you qualify! A location is considered to be remote if: (a) it’s more than 40km by the shortest practical surface route from the centre point of a town with a population of less than 130,000; or (b) it’s more than 100km by the shortest practical surface route from the centre point of a town with a population of 130,000 or more.
To help you, the ATO does provide a list of Remote Area Towns which you can use as a guide, but it’s best to contact them to see if your area is defined as remote for this purpose.
What you need to do, and what you should know:
· Set up a rental agreement for the accommodation and make arrangements to pay the rent to your employer.
· Submit a claim form to us attaching the agreement and evidence of payment.
· We will arrange for your employer to deduct the amount from your pre-tax salary.
· We will arrange for the full amount to be transferred back to you.
· You thus save income tax on the amount.
How Much Could I Save With Salary Packaging?
Using your pre-tax salary to pay for things allows you to increase your disposable income and pay less tax – often thousands of dollars less each year. There are dozens of items you can potentially salary package, but some depend on your employer and the industry they work in.
It’s all fully approved by the Australian Taxation Office, however it pays to seek specialist clarification from us to ensure you gain everything you’re entitled to, and make the process of setting up your package easy. You can use our calculators for indicative savings, or talk to us today to find out more and the next steps to take towards saving!
Calculate Your Savings
Your New Car
Salary packaging your next car is a good decision; see how it can work for you. Call 1300 303 357 and speak to one of our friendly specialists.
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