Tax Strategies – Top 10 for Employees

These 10 Tax Strategies apply to the majority of employees & produce the biggest tax savings (on average).

1. Tax Strategy 1 – Salary Packaging Private Motor Vehicles
   Makes private motor vehicles tax deductible (average $3,000 tax savings pa).
2. Tax Strategy 4 – Transporting Heavy or Bulky Equipment
   Makes home to work travel deductible (average $3,000 tax deduction).
3. Tax Strategy 5 – Jointly Owned Motor Vehicle
   Doubles your motor vehicle deduction.
4. Tax Strategy 9 – Relocation Expenses
   Makes private relocation costs deductible (Average $4,000 tax savings).
5. Tax Strategy 12 – Concessional Super Contributions
   $25,000 concessional contributions cap (per taxpayer)
6. Tax Strategy 14 – Living Away from Home Allowance
   Makes private accommodation and meal expenses tax deductible.
7. Tax Strategy 77 – Change from Employee to Contractor
   Average $10,000 deductions pa.
8. Tax Strategy 113 – PSI Entity
   Average tax savings $3,000 pa.
9. Tax Strategy 155 – Salary Packaging Associates Leases
   Makes private motor vehicle tax deductible & income splits with spouse.
10. Tax Strategy 196 – FBT Exempt Work-Related Items