lana.graham's avatar
lana.graham
Icon for Iress Contributor rankIress Contributor
2 months ago

27th March AMA: I'm Lana Graham, Xtools+ expert and product manager. Ask Me Anything!

Xtools+ has helped countless advice practices work out solutions to their clients' financial problems – even for the most complex scenarios. Why not fully harness its potential and have a say in what...
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joshua.heath's avatar
joshua.heath
Valued Supporter
2 months ago

Hi lana.graham :)

Could you please work through the best way to enter FBT Salary Packaging when a client is also packaging a Novated Lease, Mortgage Payments and using the Entertainment component.

Many Thanks,

Josh

lana.graham's avatar
lana.graham
Icon for Iress Contributor rankIress Contributor
2 months ago

Hi , 

Please check out these guides on Iress Community - they will cover the Mortgage Payments part: 

If you want to model some Fringe Benefits Packaging, start HERE.

Salary Packaging Mortgage Benefits for Exempt Employees (with Family Assistance)

For the Entertainment component, reduce the taxable salary/ increase tax free benefits by that amount and add a Post Tax Entertainment expense. 

For the Novated Lease, see my quick & dirty guide below in reply to the question from eliana.gonzalez 

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