Salary Sacrificing Advice
Sacrificing a portion of your salary can reduce your overall tax. It involves employers ‘packaging’ or ‘sacrificing’ part of the employee’s salary into benefits, resulting in a lower taxable income. Common benefits could be a car, home loan, phone, superannuation, school fees or childcare costs.
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Star Service
Our Advice
For example, a packaged salary of $100,000 might include:
- $85,000 as income
- $15,000 car as a benefit
This reduces the employee’s taxable income to $85,000 and they will benefit as they will pay less income tax.
We specialise in helping NDIS providers offer salary packaging to their employees, reducing their taxable income. We will discuss what is best for your business and develop a presentation for your employees detailing what is available to them.
