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Salary Packaging
A salary packaging (salary sacrifice) arrangement 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).
Your employer will determine whether salary packaging can be made available to you and what benefits are offered.
Your own personal circumstances will determine whether salary packaging will be of benefit to you. Some items attract Fringe Benefits Tax, so it is important to review your situation with a financial adviser before implementing a salary packaging arrangement.
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