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.
Inactive bank & Super Accounts to be seized Households face losses of nearly $800 million of their aggregate savings, as new laws enables the cash-strapped Federal Government to seize cash from inactive bank and superannuation accounts. From ... read more
New Zealanders and Australians will be able to transport their super with them when moving between the two countries By Steve Blizard THE number of job-ready New Zealanders heading for Australia accelerated this year, with m... read more
Paying for privilege of losing cash not so super for workers By Peter Costello Former federal treasurer 7 Nov, 2012 Sydney Morning Herald One of the accounting tricks the government announced in the midyear review was to take over ina... read more
WA's 153,000 public servants will finally have the right to manage their own retirement savings Super deal for public servants Rachel Donkin and Neale Prior, The West Australian 12 March 2012 WA's 153,000 public servants are about to get th... read more
WELCOME to a new financial year Today coincides with huge changes to the tax scales and to superannuation, which makes it imperative that you look at your financial affairs to ensure you are in good shape for the future. For years marginal tax... read more
Quantitative easing will lead to higher inflation…eventually By Steve Blizard Quantitative easing (QE) is an unconventional monetary policy used by central banks, such as the US Federal Reserve, to stimulate the economy when conventional m... read more
Reflected in ATO statistics SMSF members are paying the lowest super fund fees across the industry according to the most recent ATO figures The latest Australian Taxation Office (ATO) superannuation statistics have shown the self-managed super... read more