Salary Packaging is also commonly referred to as a salary sacrifice arrangement or total remuneration packaging.
It is an arrangement between an employer and an employee, whereby the employee agrees to forgo part of their future entitlement to salary or wages in return for the employer providing them with benefits of a similar cost (to the employer).
The employee is likely to place greater value on the benefit than its cost to the employer. See ATO website for full details.
- Salary sacrifice – Motor Vehicle example [standard employers only]
- Reportable fringe benefits – facts for employees
- Fringe benefits tax (FBT) - A guide for employers
- Fringe Benefits Tax for non-profit organizations
- Fringe Benefits Tax for small business
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