If you need to use particular tools for your job, then why not salary package the cost and save?
Who can package this?
Most employees are eligible to salary package tools of trade. Contact your employer to find out if this benefit is available to you.
What exactly can I package?
'Tools of trade' are tools which are used primarily for performing your usual work duties and may include:
- manually operated tools
- electrically powered hand tools
- toolboxes
- tool belts
Note: major equipment, such as a lathe or drill press, does not qualify under this benefit.
Contact your employer to find out if this benefit is available to you.
Things you need to know: The above information is not intended to constitute taxation or financial product advice. Your benefits and savings will vary depending on your personal objectives, financial situation and needs. We recommend you obtain independent financial or taxation advice before making any financial decisions.
Eligibility criteria and terms and conditions apply. All salary packaging proposals are subject to the requirements of your employer. Administration fees will apply. The actual administration fee that applies to you may vary depending on your employer. ITCs (Input Tax Credits or refund on GST) are excluded. RemServ may pay and receive commission or rebates in connection with some services and products it provides or arranges to be provided by third parties.