15 April 2013

Insurance is often a necessary expense whether it be insurance for ourselves or our possessions. But the cost of the insurance premiums could be salary packaged which could lead to significant savings.

The following policies can have the premiums salary packaged:

  • Car insurance
  • Home insurance
  • Home and contents insurance
  • Life insurance
  • Disability insurance
  • Health insurance
  • Income protection insurance

And with income protection or disability insurance, it could even be salary packaged on top of the salary packaging cap limit.

Employees could salary package this benefit if it is allowed by their employer and they work for one of the following organizations: 

  • Charities
  • Not for profit organizations
  • Public or private not for profit hospitals

In addition, employees that work for the following organizations could also salary package health insurance:

  • Private schools
  • Religious institutions
  • Club or associations

Employees should contact their employer to see if this benefit is available to them.