01-29-2015, 07:07 AM
I get a % of my salary put on a 'meal and entertainment card'. You can use it at restaurants, Maccas, Hungry Jacks (Burger King), Indian, Noodle Shop, awesome authentic Pizza shop, everywhere. I cannot even think of the last time I cooked something. If I have been doing night duty, we sometimes go somewhere nice for breakfast.
The system is the money you earn you put on this card and you are not taxed on it. This is when you are earning bigger dollars and do not want to pay large amounts of tax on the income, you 'salary package' it so that you taxable income looks lower, but in fact you are earning the amount you work and are taxed less. I found out that I can buy a new computer and it is a legitimate deduction because I am still 'self educating', ie my employer is not paying for the course.
The system is the money you earn you put on this card and you are not taxed on it. This is when you are earning bigger dollars and do not want to pay large amounts of tax on the income, you 'salary package' it so that you taxable income looks lower, but in fact you are earning the amount you work and are taxed less. I found out that I can buy a new computer and it is a legitimate deduction because I am still 'self educating', ie my employer is not paying for the course.