Salary packaging is where you ask your employer to direct a portion of your salary towards an item before income tax is applied. The benefit of doing this is simple – it allows you to pay for an item with pre-tax dollars, meaning the item may be tax free as a result. Salary packaging is […]
Category Archives: Salary Packaging
Is salary packaging a car right for you?
Salary packaging is where you arrange for your employer to make loan repayments from your salary before income tax is deducted. Vehicles are one of the most common items that are salary packaged and one such method of salary packaging a vehicle is to use a fully-maintained novated lease. Under this arrangement, you (the employee) […]