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Salary packaging, salary sacrificing – it’s the same thing, a smart way to increase your take-home pay.
You get to pay for certain expenses out of your salary before it’s taxed, which could reduce your taxable income and the tax you have to pay – increasing your take-home pay. What you can salary package depends on your employer and the industry you work in, as well as your employment status.
As a Smart™ customer, you get access to a range of additional rewards on top of the benefits you salary package. These include discounts on some of Australia’s leading brands and access to our financial wellness partners’ services, all at no extra cost.
FAQs
This is general information only. Before entering into any salary packaging or novated leasing arrangement, you should consider your objectives, financial situation and needs, and seek appropriate legal, financial or other professional advice based upon your own particular circumstances. The availability of benefits is determined by your employer. Conditions and fees apply. Smartsalary Pty Ltd, ABN 24 096 796 100, a SmartTM company.
A portable electronic device can only be salary packaged if it is used primarily (over 50%) for work purposes. Tax savings achieved through salary packaging will depend on your income tax bracket and personal circumstances.
