You may have come across the concept of salary packaging within your workplace and never quite questioned what it is or why it would be beneficial for you. Our team are here to assist you in understanding the salary packaging options available to you and what financial benefits you can use.
What is salary packaging?
Salary packaging is an arrangement between an employer and an employee to sacrifice some of the employee’s salary in exchange for a benefit of a similar value. The primary financial benefit obtained from salary packaging is the tax benefit that you can potentially receive.
Some common benefits that are available through salary packaging include cars, health insurance, school fees, childcare fees or other personal expenses.
Contact one of our specialists today to get salary packaging advice and understand the tax implications of entering into a salary packaging arrangement with your employer.
What we can offer
Our professionals can provide salary packaging advice to ensure you are making the best choice for your finances. Contact one of our specialists today to see if your circumstances are applicable with salary packaging.
Our specialists can help reduce your tax burden by discussing the use of salary packaging.
Boost your super
Let’s discuss how to increase your superannuation contributions through salary packaging.
Some benefits may be assessed for government benefits and financial obligations such as child support. Let us discuss how salary packaging would affect your situation.
Sit down with one of our financial planners and come up with a plan that will work for you and your employer.