Salary Packaging
Salary Packaging

Salary Packaging

What is salary packaging?

Salary packaging, also referred to as salary sacrificing, is a type of arrangement you can make with your employer to keep more of the money you earn each year.

Here’s how it works: by ‘sacrificing’ part of your salary to your employer in exchange for benefits of equal value, you can reduce the amount of tax you need to pay at the end of the financial year.

That’s because the benefits you claim are deducted from your pre-tax income, which means your income tax is calculated at a lower amount.

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Why should I salary sacrifice?

Depending on your salary and employer, the extra savings and benefits you get from salary packaging can be significant.

Pay off everyday expenses

Stay on top of your finances while getting more tax back by salary packaging expenses like mortgage, loan, and credit card payments.

Enjoy tax-free purchases

Get a better deal on a new car through a novated lease or other big purchases on your wishlist.

Grow your retirement savings

If eligible, you can salary package additional contributions you make to your super fund while saving even more on tax.

What can be salary packaged?

Some of the most common examples of salary packaging benefits include:

  • Accommodation and venue hire
  • Airport lounge membership
  • Airport parking
  • E-bikes
  • FIFO travel
  • Laptop and portable electronic devices
  • Living expenses
  • Meal entertainment
  • Mortgage / rent payments
  • Novated lease vehicles
  • Operating leases
  • Fleet Network card
  • Relocation benefits
  • Remote area benefits
  • Self education
  • Superannuation
  • Workplace Giving
  • Other deductible benefits

See how much you could save

From a reduced tax bill to exclusive discounts and deals, find out how much more you could be saving by setting up a salary packaging agreement.