Could you be offering your staff more than just their normal fortnightly pay?
Salary packaging is much more than just allowing your employees to just package a motor vehicle, a laptop or even superannuation. Effective use of Fringe Benefits Tax legislation allows you to create greater efficiency in your process and reduce costs across your organisation.
The Fringe Benefits Tax legislation is a valuable tool for employers through which they can offer a broad range of tax effective benefits and allowances aimed at maximising the net remuneration of the employee while achieving cost savings for their organisation.
The end objective of remuneration packaging is to maximise an individual’s net remuneration (after tax income).