Tax & Accounting:

Salary Packaging

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Salary Packaging

Salary packaging, also known as salary sacrifice, is an approved tax-effective arrangement where you can restructure your income by using some of your pre-tax income to pay for a range of benefits. As you pay for these benefits out of your pre-tax (gross) income instead of your post-tax(net) income,  you ultimately reduce your taxable income, pay less tax and increase the amount you take home each pay.

Your personal circumstances will determine whether salary packaging will benefit you. It is recommended that you seek advice before participating in comprehensive salary packaging to discuss the possible implications. Our accountants can assist by discussing your personal situation and your options to ensure that you receive the maximum benefit.

Do you have any questions about salary packaging? To arrange a salary packaging discussion or meeting with one of our experienced accountants, please click here.

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