Venue Hire is an expense that can be salary packaged 'on top of' your salary packaging limit.
The following expenses qualify:
Only expenses of your immediate family qualify (must live in your household).
Expenses that DO NOT qualify are:
Your holiday accommodation can be salary packaged in addition to the salary packaging limit. From 1 April 2016 the maximum value allowed is $5,000 (grossed-up or $2,550 'cash' value). The limit also includes any Meal Entertainment expenditure. Also from 1 April 2016, Venue Hire is reported on your Payment Summary. This is relevant for Centrelink, HELP and other income tested government benefits.
Salary packaging this expense means you will earn an extra 'chunk' of your pay tax free. For example, if you stay at a QLD resort costing $3,000, then $2,550 of your wages can be paid to you TAX FREE (in addition to the normal salary packaging limit).
The benefit to you is that you save more income tax. In our example, you don't pay tax on $2,550 of income. Example assumes you do not salary package meal entertainment. The $5,000 (grossed-up) limit is a combined cap.
The money is paid into your savings account. Your accommodation is reimbursed from your income (tax-free). Proof of expense is a mandatory ATO requirement
To make a claim, please read and complete the Holiday Accommodation Claim Form. (Not applicable for NSW Health)
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If you need help, please contact us.