Contributing 

Can I salary sacrifice flights?

Leia Doyle

Can I salary sacrifice flights?

Generally, an employer will reduce the worker’s package by the amount of fringe benefits tax they have to pay. The FIFO air fare concession only applies if the employer pays the airfare. Some employers have tried to get around this by offering to allow their workers to salary sacrifice these air fares.

What is a FIFO allowance?

Allowances, accommodation and meals: A FIFO employment contract is likely to contain a clause that provides for board and for meal allowance, otherwise falling under the common law duty to indemnify the costs incurred on behalf of an employee. It may also be required by your relevant modern industry award.

How do FIFO workers get paid?

Casual employment (hourly rates), you only get paid for the hours you work. For example if you were on a 2/1 Roster, you would be paid for the two weeks on site but not the week spent at home on R&R. Keep in mind FIFO positions always pay a lot more which means you would still most likely come out on top.

How does salary sacrifice affect my tax return?

Hence, your salary packaging money is never subject to income tax. As a result, they are NOT included in any Government income ‘tests’. Non-reportable payments include car parking and remote area housing related benefits. The Reportable Fringe Benefits Amount must be included in your Tax Return (refer IT1).

Should I pay hourly or salary?

There is no right or wrong answer when determining whether your employees should be salaried or hourly. The main difference is that you’ll offer salaried workers an annual pay that will be consistently paid throughout the year. Conversely, an hourly worker is only paid for the hours they work.

What are the disadvantages of being a FIFO worker?

What are the disadvantages of the FIFO life?

  • Long hours and shift work is undoubtedly one of the toughest aspects of FIFO work.
  • Most sites are remote, and workers can be exposed to extreme temperatures, dust, pests and harsh terrain.
  • FIFO can put a lot of stress on families and relationships.

What is a good hourly salary?

The national mean salary in the United States is $56,310 according to the National Compensation Survey. That works out to be $27 per hour. So in order to be above average, you have to earn more than $28 per hour.