There are some real benefits to living and working in a remote area. If you live in an employer-owned residence, rent your own private residence, or have a mortgage on your own home, you could be eligible to make potentially significant tax savings, meaning more money in your pocket each week.
Am I eligible for Remote Area Benefits?
To be eligible, you must work and live in an ATO designated remote area, and your employer is agreeable to the mutually beneficial arrangement.
What benefits can I salary package?
- Remote Area Rent
- Remote Area Mortgage Interest
- Remote Area Fuel (Electricity / Gas)
How it works
e.g. Harry lives in Emerald, QLD and works for a machinery equipment firm in the same area. Due to the nature and location of Harry’s employer and his house, Harry can use the Remote Area benefit. This could help him save tax while living and working in a remote area, as 50% of his rent becomes tax free!
Harry currently pays $600 per week to rent his current property, and can package $300 per week. On his current salary of $73,000, he will save approximately $5,174 per annum or $99.50 net per week.