Your salaries are usually the only source of income to enable you to pay for your debts and also creating long term wealth, and salary packaging arrangements are beneficial to make it easier for you to reach your financial goals.
Through salary packaging you can structure your salary to not only legally minimise your personal tax liability but also increase your disposable income for lifestyle expenses. The saving benefits can be applied to reducing debt and establishing a tax effective investment strategies to assist with your long term retirement goals.
Certain sectors of employment (e.g. Government Health) can greatly benefit from the utilisation of salary sacrificing.
Items available for salary packaging are:
Employee share schemes
Equipment such as mobile phones, computers, etc.
Salary packaging area can be complex but can also provide rewards if utilised properly.
So if you are looking to reduce tax, assist with clearance of debt, create long term wealth, a good financial strategy will go a long way to delivering this outcome.
Contact us to organise an obligation free first appointment to explore the opportunities available to you.