Get Your Bus Trips up to 49% Cheaper
Well, technically they are not tax deductible, but the ATO just ruled that you could salary package bus trips to and from work, if you jump through some hoops. This means you can pay for your bus fares out of your pre-tax dollars. By doing this you pay less tax, at the same amount as if you were to claim your fares as a tax dedication.
The possible tax savings for an adult traveling 3 zones, during peak times, 5 days a week, 48 weeks a year are (yearly cost of $2236.80*):
Unfortunately it might take a couple of month's for the salary packaging administration companies to start accepting applications.
Your employer also has to be on board with allowing you to access this benefit (the QLD State Government seems to have already signed up for their employees). If you would like some information to give to your employer, please email me at firstname.lastname@example.org.
If you would like to be notified when the official start date to this benefit is announced, please complete the below form.
Be the first to know when you can access the tax savings:
* Based on Brisbane Translink Network Pricing as at 05/06/2016