Why you should say 'YES' to salary packaging
Employers offer salary packaging to reward staff for their loyalty and hard work.
But not every employer offers this benefit . So if you're one of the lucky ones, take the time to understand the advantages salary packaging has to offer.
Pay less tax
Depending on the industry and sector you work in, when you salary package, you could be eligible to pay for a range of expenses - such as vehicle running costs, additional superannuation contributions, and some work-related costs - with your pre-tax salary.
If you work in a health or charitable organisation, you could also salary package items such as your mortgage or rent payments.
Enjoy more spending money
With salary packaging, you could end up with more money ('take home pay') in your pocket. It's a great way to make your salary go further and increase your spending money. Here's how.
We all have expenses such as mortgage or rent payments, groceries and bills. Usually, we pay for these using our post-tax pay.
But with salary packaging, you can use your pre-tax salary to pay for these expenses. This reduces your taxable salary and decreases the amount of tax you pay.
So, more of your hard-earned salary ends up in your pocket.
Best of all, how you choose to spend your tax savings is up to you. You could use it to pay for everyday expenses, purchase that special item you've been saving up for, go on a trip - or put it away for a rainy day.
Why not try our salary packaging calculator and novated leasing calculator to find out more about how much you could save and how much more spending money you could access each pay.
Ready to find out more?
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