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Airline Lounge Membership
Save on tax as you travel for private or business use.
Fly Higher
Whether you travel for work or leisure, you can save the income tax and the GST on lounge memberships you pay for yourself. Deductions can even be spread over several pay periods and there’s no limit to how many memberships you can package.
Fly Higher
Travel for work, or travel for personal reasons, and there’s a very good chance you can salary package your airline lounge membership fees. You can package as many lounge memberships you like – as long as you pay the fees yourself. If someone else has paid, you won’t be able to salary package this benefit. And you need to make sure that any claims are supported by a tax invoice that clearly identifies the expenditure as an airline lounge membership.
What you need to do, and what you should know:
· Choose and pay for lounge memberships and retain the tax invoices.
· Submit a claim form to us and attach your tax invoices.
· We will arrange for your employer to deduct the amount less GST from your pre-tax salary.
· We will arrange for the full amount including GST to be transferred back to you.
· You thus save the 10% GST as well as the income tax on the amount.
· Depending on the amount, we may be able to spread the deductions over several pay periods to help you out.
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
Save On 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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Find out how much you can save on a new or used vehicle with a novated lease through SalaryMasters. Enter your details and we will get in touch with you shortly.
