Tax savings through Salary Packaging
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Salary packaging can provide a significant financial advantage by delivering tax savings and increased take-home pay. They allow eligible employees to take a portion of their remuneration as salary packaged payments which are free of Income Tax. |
That income is use to pay such packagable items as:
• mortgage repayments
• motor vehicle lease
• childcare
• home rental
• municipal rates
• utility charges
• aged care expenses
• disabled care expenses
• a range of insurance
• personal loan repayments |
• health insurance premiums
• self education
• school fees
• personal HECS liability
• mobile phones
• personal computer
• laptop or notebook PC
• motor vehicle registration
• work car parking
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Any one or combination of the above items can be included in a salary package up to a defined "grossed up" limit. For more information please feel free to ask our friendly payroll staff about the benefits of salary packaging