Thanks!
We'll contact you within the next business day to discuss your calculation in more detail.
Talk to you soon!
Private Health Insurance
Talk to us to debunk some of the myths around salary packaging private health insurance premiums.
Take care with costings
While it is sometimes possible to salary package your private health cover, this invariably attracts Fringe Benefits Tax at the full rate for most employees, so any advantage is negated. However, subject to your employer’s FBT status, you may be able to include the premium with your living expenses benefit. Talk to us for specialist guidance on health insurance packaging.
Take care with costings
Private health insurance is an important essential – and a significant expense – for many Australians. Yet despite many people believing they can salary package the cost of their cover, doing so attracts fringe benefits tax (FBT) at the full rate. As a result, you’re unlikely to gain any tax savings, and in most cases will be financially worse off.
As such, we don’t usually recommend that you salary package private health insurance, and instead rely on the government rebate program, saving on your premiums that way.
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.
Get In Touch!
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.
