Financial Planners Gold Coast

Salary Packaging

A salary sacrifice (Salary Packaging) arrangement is an understanding 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). This strategy is for government employees only eg, if you work for Queensland Health or Queensland Education.

Your employer will determine whether salary packaging can be made available to you and what benefits are offered:

  • Additional superannuation
  • Notebook computer
  • Education expenses
  • Home mortgage repayments
  • Utility payments
  • Private travel
  • Novated leasing of a motor vehicle
  • Membership fees
  • Work clothing and tools of trade