Salary Packaging
Check and see if your country allows salary packaging. I know Australia allows for it while Malaysia doesnt.
Salary packaging is buying or leasing an asset with pre-tax dollars. That is when your salary arrives at the end of the money, you can use it to buy certain things or make certain payments before the balance gets taxed by the government.
For example, in Australia, it used to be laptops, cars, mobile phones and education. But laptops were removed from it because rich individuals manipulated a loop hole in the system to get their laptops for free. What this means is that you pay your monthly mobile charges, your car loan repayment from your gross salary (before tax). Only the balance amount is then taxed.
Depending on the country you’re in, some allow additional superannuation, novated leases, airline lounge membership, computer software and home office equipment, development travel, professional memberships, newspaper and periodicals subscriptions, and salary packaging advice.
Consider using salary packaging if you’re in the high tax bracket. Every dollar saved is worth it.
Utility One for all your Utilities
If you’re new to Australia, finding a place to rent or buy can be a daunting process. My wife and I took close to a month to find a place to rent when we first arrived in Perth. And once we got our place, we then had to call all the relevant utility agencies for water, gas, and electricity, to transfer the account to our name.
What we didnt know at that time was the existance of Utility One, a free one-stop shop for setting up all your utilities. Log on to http://www.utilityone.com.au/ and click the Connect Me button.
The process flow is as shown below. None of your personal information will be misused.
Their service is free and can be helpful when you’re new to Australia.
I am sure their making a profit somewhere down the line but as for now, their not charging us, their consumers. However, if you do find anything wrong with their service, do let me know in this blog.
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