Salary Packaging

You’ve been salary packaging for years. It’s reduced your taxable income, stretched your take-home pay, and made financial sense every time someone explained it to you. Then you sit across from a bank lender and discover the thing that helped you week to week might now count against you when you apply for a home […]

A nurse earning $95,000 packages a $35,000 car through a novated lease. Her take-home pay goes up. Her tax bill drops. She’s saving roughly $3,200 a year compared to buying the car outright. Six months later, she applies for a home loan and gets approved for $60,000 less than she expected. Salary packaging a car […]

Most aged care workers know salary packaging exists. Fewer know they sit in the most generous salary packaging bracket in Australia. And almost none know what happens when they apply for a home loan and a lender looks at their packaged income like it’s a problem. Aged care salary packaging is worth understanding properly, because […]

Were you aware that salary packaging could significantly reduce your tax bill and boost your wealth? For healthcare professionals across Australia, understanding and leveraging salary packaging can lead to substantial financial benefits. What Exactly is Salary Packaging?Salary packaging, also known as salary sacrificing, is a tax minimisation strategy endorsed by the Australian Taxation Office (ATO). […]