A course or conference related to your current employment at Eastern Health can be a great way to gain some extra knowledge and reduce the amount of tax you pay by salary packaging the cost.
Self-education expenses include:
There’s no limit in the number of items you can package – so if you’d like to try a few courses a year, go for it.
The things to remember when packaging self-education expenses are:
You should also be aware that while you can also claim self-education on your tax return, you can’t package and claim the same item. Salary packaging your self-education is usually a better option because you can’t claim the first $250 you spend on self-education each financial year. By salary packaging, you can use your pre-tax dollars to save on the cost from the first dollar you spend.
Professional Development Travel
Save money when you travel. If you package a work related course or conference, you could save yourself up to 46.5% of the cost.
An associate director/equivalent or above must approve your salary packaging claim and your absence before you go.
You need to keep all related tax invoices/receipts and list the conference activity and their costs on your claim form.
You should also be aware that while you can also claim professional development travel on your tax return, you can’t package and claim the same item.
- course / conference fees
- text books
- The course or qualification must be related to your current position at Eastern Health –you can’t package a course you’re doing in order to enter another field or get a new job.
- You can’t salary package self-education expenses paid by your Eastern Health.
- You can’t package HECS/HELP repayments, loan repayments in respect of study grants and basic charges from Open Learning Agency of Australia.