Salary Packaging – A great way to minimise Tax

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Imagine if you could pay for some of your living costs before the tax man gets his cut?
Approved by the Australian Taxation Office (ATO), Salary Packaging is a way to bring money around the tax man and lower your taxable income! This life-changing benefit can be offered to staff by their employer.

It doesn’t matter what type of organisation you work for; all employees are eligible to Salary Package, and depending on what type of organisation you work for you could potentially package up to $15,899 tax free per year.

Examples of items you can Salary Package include:

  • Rent
  • Mortgage
  • Registration
  • Insurance
  • Groceries
  • Phone Bills
  • Portable Electronic Devices for Work
  • Novated Leases (purchasing a car & running costs)
  • Associate Leases (existing car & running costs)

The list goes on…

If you are interested in Salary Packaging and would like to know what benefits are available to you, please contact our Salary Packaging Team on (07) 5451 0022 or salpac@faa.net.au

“Got any questions the FAA Team are here to help!”

John Hehir

 

 

Important Disclaimer

The information in this article is general in nature and does not take into account your individual objectives, financial situation, or needs. It does not constitute personal financial, tax, investment, or credit advice.
Before making any salary packaging decisions:
  • Consult a registered tax agent for tax advice
  • Consult a licensed financial adviser for financial advice
  • Speak with your employer about your specific employment terms
FAA’s services:
  • General information and administration: Provided by FAA consultants
  • Financial advice: Provided by authorised representatives of Lifespan Financial Planning Pty Ltd (AFSL 229892)
  • Credit assistance (novated leasing): Provided by FAA Group under its Australian Credit Licence
While every effort is made to ensure accuracy, FAA makes no guarantees and accepts no responsibility for any loss arising from reliance on this content. Tax laws and salary packaging rules are subject to change.
John Hehir

John Hehir – Director

CEO and Director of FAA Group Australia. With more than 30 years of experience in financial services, John has helped over 20,000 Australians work towards their retirement goals through strategic financial guidance. His work spans residential property, investment property, and self-managed superannuation strategies, with more than $1 billion in assets guided under his leadership.

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