Salary Packaging

A smarter way to drive your dollar further

A salary sacrifice arrangement is also commonly referred to as salary packaging or total remuneration packaging. It is an arrangement between an employer and an employee, where the employee agrees to forgo part of their future entitlement to salary or wages in return for the employer providing them with benefits of a similar value.

Salary packaging provides clients with the opportunity to maximise their after-tax salary by structuring their pre-tax income in such a way that they receive a combination of income and allowable benefits that enable their overall tax to be reduced.

The tax savings achieved through salary packaging (including salary sacrifice to super) can then be used to provide cashflow for additional investment and wealth creation strategies that may otherwise be unachievable.

A wide range of items can be salary packaged and the type of benefits commonly provided included the following:

• Motor vehicle leases
• Superannuation contributions (salary sacrifice)
• Laptop computers (either via outright purchase or rental agreement)
• Professional Expenses

There are many more items you can salary package so talk to us today to discuss your situation and how salary packaging may be right for you.

Call 1300 803 441 to talk to one of our Account Managers today. Or click here to make an online enquiry.