|
Do you want to: - reduce your income tax
- boost your superannuation savings
- take advantage of other tax-effective benefits
- increase the value of your total pay packet
More and more employers are now allowing their staff to take their remuneration as a package of cash and certain other employee benefits that are eligible for tax concessions, such as superannuation contributions. As a result, you may be able to reduce your tax substantially and/or gain valuable benefits. Salary packaging is often known as ‘salary sacrifice’, because you are sacrificing (doing without) a portion of your salary. You can ‘sacrifice’ your salary in exchange for:- additional superannuation
- a car lease
- payment by your employer of certain other expenses that you would otherwise have paid from your after-tax earnings
So, with less tax and more benefits, the sacrifice may well be worthwhile. |
|
Things you must read
This is general advice only and has been prepared without taking into account your particular objectives, financial situation and needs. Before making an investment decision based on this brochure, you should consult a financial planner. Bridges Financial Services Pty Limited (Bridges). ASX Participant. AFSL No.240837. Executive Wealth Management Financial Services Pty Limited (EWM) AFSL 245451 In referring members to EWM and Bridges, Hume Building Society does not accept responsibility for any acts, omissions or advice of EWM, Bridges or its authorised representatives.
|
|