28 April 2013

Salary packaging the cost of work-related subscriptions and membership fees could create great tax savings. This includes: 

  • newspaper subscriptions
  • magazine subscriptions
  • club memberships
  • airport lounge memberships
  • professional memberships

This can be salary packaged by those that work for the following organizations:

  • charity
  • not-for-profit organization
  • government department or agency
  • public or private hospital
  • private organisation

Employees that are employed by a not-for-profit hospital or charity could also salary package the cost of any club or association membership that is not for work purposes if its within their yearly salary packaging cap limit. 

       

Employees should contact their employer to see if they are eligible for this benefit.