How much can I save?
As Meal Entertainment is a benefit that can be packaged in addition to any existing caps you have, you can savour the pre-tax savings even more.
How much though, we hear you ask?
Let’s say you work in health and you earn $75,000 per year. If you packaged to your full benefit – that is, $9,010 in living expenses and $2,650 in Meal Entertainment – you could enjoy $915 of pre-tax savings on Meal Entertainment.
Don’t go out so much? You can still benefit. Let’s change your yearly Meal Entertainment allocation to, say, $1,000: you could still enjoy $345 in pre-tax savings.
It really is money for jam. Well maybe not jam, but definitely your parma or steak at the local. Or wagyu when you take it up a notch.