Public Transport
Do you or your family use public transport? If so you may be able to package your public transport expenses as an in-house benefit.
Employees of some Queensland Government entities are entitled to salary package electricity and/or public transport as a Fringe Benefit Tax (FBT) exempt benefit up to a limit of $1,333.33 per FBT year (1 April - 31 March).
Please note: You are able to claim public transport expenses for private travel for you and/or your relatives. Transport must be provided by Brisbane City Council or Queensland Rail.
On the move
The benefit is offered as reimbursement from your salary packaging account, up to the value of $1,333.33 per FBT year for Government provided public transport, electricity, or a combination of both.
Things you should know about this benefit:
- You can claim weekly, monthly, quarterly & annual tickets under the benefit by providing RemServ with copies of your receipts
- GoCard users can submit their periodic internet statement print out for reimbursement. It is recommended that you print the internet statement off on a regular basis (eg monthly) ready to include in your next quarterly claim. Reimbursements are made based on the credits shown on your GoCard statement.
- Thermal paper tickets should be photocopied for submission
- A tax invoice is necessary to be able to claim GST credits
- This benefit allows for four claims per year to be covered in your annual fee. Further claims will be processed at an additional charge per claim
How does it work? Example
Kelly, a Queensland government employee entitled to in-house benefits, earns a annual salary of $55,000 per annum (excluding her employer's super contributions) and is considering salary packaging the maximum allowable amount of $1,333.33 towards her public transport.
By choosing to salary package her public transport expenses, rather than paying for them from her post-tax salary, Kelly could increase her net disposable salary by $420 per annum or $16.15 per fortnight.
EXAMPLE ONLY
| Item | Not Packaging | Packaging |
| Kelly's Annual Salary |
$55,000 |
$55,000 |
|
Public Transport Expenses (packaged pre-tax) |
$0 |
-$1,333.33 |
| Fringe Benefits Tax |
$0 |
$0 |
| Kelly's Taxable Salary |
$55,000 |
$53,666 |
| Tax & Medicare Levy |
-$10,875 |
-$10,445 |
| Kelly's Post-Tax Salary |
$44,125 |
$43,212 |
| Public Transport Expenses (paid post-tax) |
-$1,333.33 |
$0 |
|
Kelly's Net Disposable Salary |
$42,792 |
$43,212 |
|
KELLY'S ANNUAL BENEFIT |
N/A |
$420 |
| KELLY'S FORTNIGHTLY BENEFIT |
N/A |
$16.15 |
