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Child Care
Save on costs paid to a centre provided by your employer.
Watch your savings grow
If your children attend a childcare centre run by your employer, you could include the costs in your salary package. You may also be able to package childcare if the centre is run by an external provider, but this may mean you’re not eligible for government childcare benefits and rebates – so talk to us first.
Watch your savings grow
There are two opportunities for salary packaging the costs of child care. The first, and often simplest way, is to salary package fees you pay to a centre which is operated by your employer. As long as your employer has a controlling interest in the centre, salary packaging can be relatively straightforward.
The other option – which does come with a disclaimer – is to package child care costs paid to a centre which isn’t operated by your employer. If you salary package child care costs paid to other centres though, you may not be eligible for the government’s child care benefits and rebates. For this reason, we recommend you seek independent advice based on your personal circumstances before packaging these costs.
What you need to do, and what you should know:
· What you need to do, and what you should know:
· Set up child care arrangements with an approved child care centre.
· Send the details and document to us.
· We will arrange for your employer to deduct the amount from your pre-tax salary. You thus save the income tax rate on the amounts.
· We will then arrange for the amount to be either paid to your child care provider, or to your own bank account depending on whether you have already paid the amount or not.
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.
