Salary Packaging in Australia | Save More On Your Take Home Pay

Hey guys,

In this video, I’ve gone over the concept of Salary Packaging/Sacrificing in Australia.

Salary sacrificing in Australia is a tax-efficient method that allows employees to allocate a portion of their pre-tax income towards specific benefits or expenses. This reduces their taxable income, potentially lowering their overall tax liability.
Popular options include directing funds into

- Everyday Expenses Cards
- Meal and Entertainment Cards
- superannuation,
- Novated Lease : getting a new car

Salary-sacrificed super contributions are particularly attractive as they offer tax advantages and assist in long-term retirement planning.

However, there are limits and regulations governing these arrangements, which can differ based on the benefit chosen. It's important for you to understand the impact on your take-home pay and eligibility for government benefits.

Seeking financial advice and consulting HR or tax professionals is recommended to ensure alignment with individual financial goals and legal compliance.