Salary Packaging, sometimes referred to as salary sacrificing, is an Australian Taxation Office (ATO) approved way of receiving benefits such as novated or associate car leasing, deduction of professional/personal expenses from gross salary, laptop packaging and LAFHA; by way of a pre-tax salary payment. By paying for these items before tax means that you will be taxed only on your remaining income – meaning reducing your taxable income, meaning you pay less tax!
