For over 25 years, Leasecorp Australia has built a reputation as a major finance provider for businesses and individuals, offering a wide range of services. Salary packaging in Australia is a popular and alternative way for businesses to add the benefits of value and incentive for employees. It creates new avenues for employees to increase the value of their earnings without adding costs to employers.
At Leasecorp we offer salary packaging advice and expertise as one of our range of services.
How it works:
Simply put, salary packaging is a negotiated contractual arrangement between an employer and employee, where the employee agrees to ‘sacrifice’ a proportion of their salary in return for certain non-cash benefits. Salary packaging benefits are not assessable under the PAYG system and are taxed in accordance with the Fringe Benefits Tax (FBT) Act. Some benefits are exempt from FBT, and depending on individual circumstances, may provide employees with an added tax advantage.
For further information on salary packaging in Australia, please contact us by completing your details on the right hand side of the page. One of our consultants will be in touch within 24 hours to discuss your needs in detail.