The recruitment of professional talent often requires candidates to temporarily move away from home and one financially attractive benefit is Living Away From Home Allowance (LAFHA).
Living Away From Home Allowance (LAFHA)
LAFHA can assist in attracting the most suitable candidates because it reduces the taxable income and increases their cash in hand without an increase in their rate.
The eligibility criteria is:
If these conditions are met, then the candidate may be eligible for LAFHA for a maximum of 12 months. Travel costs and relocation expenses for the journey to the temporary location and on return may be paid under LAFHA. Likewise, so is the connection of utilities in the temporary location.
PayMe Australia, a full-service salary packaging company offers LAFHA at no additional cost to its package, and ensures full compliance with the Australian Tax Office.