Salary packaging for Employers
What Salary Packaging Provides the Employer?
- Add Salary Value: The Employer is able to provide a service that reduces the Employee's taxable income. This results in an increased salary package for the Employee without it costing the Employer anything!
- Attractive Staff Incentive: By offering this service as a part of an Employee's package, Employers are better able to attract quality staff.
- Reductions in Taxable Income Related Expenses: By allowing novated leasing you can potentially reduce the company?s payroll tax and workcover premiums.
- Reduced Vehicle Responsibility: Unlike the provision of a company car, responsibility of the vehicle rests with the employee.