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How does salary packaging work?
Maximise your income the smart way
Salary packaging – or salary sacrificing as it's often known – is an exciting story, but it can also appear to be quite complicated at first. In a normal situation, you go to work and get paid but before you get paid, your employer takes out income tax and deposits what is left over into your account. You then pay for all your living expenses using this money.
With salary packaging, your employer pays you the same salary but instead of paying all your expenses after you’ve been taxed, you pay for selected expenses before the tax is taken out. This could lower your taxable income and help you pay less tax.
