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Salary packaging allows an employee to tailor their remuneration to suit their personal and lifestyle needs, by accessing available tax and GST benefits to increase their take home pay. Salary packaging involves the payment of certain costs from an employee's Salary, before tax is deducted. Legitimate tax concessions available to employees who package these benefits means these expenses actually cost less when taken from an employee's Gross Salary, than their after tax salary.
Some popular choices for Salary Packaging are:
- Personal vehicles
- Mobile phones
- Laptop computers
- Income-protection insurance
- Professional seminar costs
- Professional memberships
Employers who offer effective remuneration packaging attract and retain valuable employees. An employer's ability to offer effective salary packaging increases the attractiveness of their business.
Book your Free Consultation online today using our simple online Enquiry Form, for more information on Salary Packaging, or any of our financial services. |
