Salary sacrifice can be beneficial for both the employee and employer when structured correctly. Typically, an employee on a salary package can benefit from expenses and purchases such as vehicles, mobile phones, laptops, and sometimes more. The benefit to employers on salary sacrifice is that they are able increase their workers’ wages and reward them without providing a pay rise as such.
If you are in a salary sacrifice arrangement or intend to be, it is advisable that you understand all that you are entitled to and able to claim. Understanding the technicalities of salary sacrifice can be difficult, which is why is why we recommend consulting with a tax professional in order to fully grasp the arrangement.
