Home-owner? Renter? You could package your work relocation costs
Need to move home for your job? You could salary package your relocation expenses if your employer requires you to move for work purposes. This applies regardless of whether you buy or rent - and could help save you money on your move.
Who can package relocation expenses?
You could salary package relocation expenses if you work for a:
- private organisation
- government department or agency
- charity or other not-for-profit organisation
- public or private not-for-profit hospital
- private school, club, association or religious institution
and your employer offers this as part of your workplace benefits program.
What exactly can I package?
You could salary package the cost of storage and removal of household items and the cost of connecting your utilities, such as electricity, gas and telephone to your new home. Other expenses including stamp duty, advertising legal fees, agent commissions and borrowing expenses are circumstance-specific.
If you're renting, you could salary package the cost of temporary rental accommodation for both your family at your former home and yourself in your new location.
Note: although this benefit is Fringe Benefits Tax (FBT) exempt, some rules apply. It's best to check with your employer or contact us for more information.
Still not sure if you can package this benefit? Contact your employer to find out if this benefit is available to you.
Things you need to know: The above information is not intended to constitute taxation or financial product advice. Your benefits and savings will vary depending on your personal objectives, financial situation and needs. We recommend you obtain independent financial advice before making any financial decisions.
Eligibility criteria and terms and conditions apply. All salary packaging proposals are subject to the requirements of your employer. Administration fees will apply. The actual administration fee that applies to you may vary depending on your employer. ITCs (refund on GST) are excluded. Maxxia may pay and receive commission or rebates in connection with some services and products it provides or arranges to be provided by third parties. Maxxia Pty Ltd ABN 39 082 449 036 Authorised Representative (No. 278683) of McMillan Shakespeare Limited (AFSL No. 299054).