Salary Sacrifice

Bringing more to your family

Salary Sacrifice

You can enjoy great savings by paying less tax

This information is provided as general information only and is not intended as financial advice. Ausdrill strongly recommends that all employees seek independent financial advice before taking any action.

Remote Area Housing

Remote area benefits are certain benefits provided by employers to employees who live and work in a remote area of Australia. Salary Packaging these benefits can lead to tax savings as they are eligible for exemptions from or reductions in Fringe Benefits Tax (FBT).

Benefits that can be salary packaged include:

  • Remote area rent, or
  • Remote area interest rate subsidy
  • And Remote area utilities

Paywise

AUSDRILL EMPLOYEES REGISTER HERE TO VIEW BENEFIT

Cars

By Salary Packaging your motor vehicle you can reduce your tax and increase your take home pay. To maximise the savings under your Novated Lease you can include all leasing and operating costs. These costs include:

  • Lease payments
  • Fuel
  • Insurance
  • Registration
  • Service/Maintenance
  • Tyres
  • Car wash

Paywise
Autopia

AUSDRILL EMPLOYEES REGISTER HERE TO VIEW BENEFIT

Superannuation Contributions

Superannuation is your savings for your retirement and while the Government will be gradually increasing the super guarantee payments made by your employer on your behalf from 9 per cent to 12 per cent by 2020, these contributions alone may not be sufficient to support your retirement lifestyle. There are, however, strategies that can help you boost your super savings.

Salary packaging (also known as salary sacrificing) not only helps boost your superannuation savings but reduces the amount of tax you pay as well.

AUSDRILL EMPLOYEES REGISTER HERE TO VIEW BENEFIT

Airport Parking

If you are a FIFO worker who travels to and from site via the airport you can pay for these costs via Salary Sacrifice using Pre-Tax Earnings. This will mean what-ever you pay in Airport Parking can be directly taken off your Gross Income.

AUSDRILL EMPLOYEES REGISTER HERE TO VIEW BENEFIT

Airport Lounge Membership

You can salary package the cost of airport lounge membership and pay for the renewal using pre-tax earnings.

Paywise

AUSDRILL EMPLOYEES REGISTER HERE TO VIEW BENEFIT

Relocation Expenses

Employees are able to salary sacrifice certain costs associated with temporary or permanent relocation from their place of residence where Ausdrill requires them to relocate in order to perform employment duties. Salary sacrificing these benefits can lead to tax savings as they are eligible for exemptions from or reductions in Fringe Benefits Tax (FBT).

Paywise

AUSDRILL EMPLOYEES REGISTER HERE TO VIEW BENEFIT

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