Salary Sacrifice
Can salary sacrifice work for you?
Salary sacrifice can be a great way to get a part of your remuneration in a form other than cash – and not personally pay tax on it. Salary sacrifice (or salary packaging) is where you agree to take part of your wage as a benefit of some kind, equal in value to the salary…
Read MoreConsiderations if your employee wants to salary package.
Salary packaging is one way for an organisation to increase the take-home pay of its employees — and if done correctly, at no extra cost to the business but with a tax advantage to the employee. WHAT’S SALARY PACKAGING? Basically, an employee agrees with their employer to forego part of their future salary or wages…
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