How does Salary sacrifice works for employees | ATO
Understanding Salary Sacrifice and Salary Packaging in Australia: A Guide for Employees When it comes to managing your income and maximizing your financial benefits, understanding options like salary sacrifice and salary packaging can be a game changer. These arrangements, supported by the Australian Taxation Office, let you allocate part of your pre-tax salary toward specific expenses, reducing your taxable income. Whether you're new to the concept or looking to refine your knowledge, this guide will help you navigate the ins and outs of salary sacrifice work and salary packaging like an expert. Key Takeaways: A salary package allows you to [...]