As part of our ongoing commitment to provide clients with a comprehensive range of services, Carthills is pleased to offer Salary Packaging Solutions for your convenience.
Salary Packaging is an effective way of receiving your salary (as a combination of income and benefits) to enable you to reduce the amount of income tax you pay. Through a well structured salary packaging agreement, you are able to deduct a portion of your pre-tax income to pay for other benefits of comparable value.
The advantages of a well planned Salary Packaging structure can be considerable. However, it does need to be agreed with your employer and it’s not necessarily suitable for everyone. At Carthills, our team of experienced Financial Advisors will be able to assist you to better understand the various options available and provide advice on whether Salary Packaging is likely to be of benefit for you.
Some items that you may be eligible to package, include:
- Superannuation
- Mortgage repayments
- Personal loan repayments
- Utility bills
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- Motor vehicle running costs
- Laptop/notebook computers
- Membership fees
- Novated lease of a motor vehicle
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It is important to note however that some items attract Fringe Benefits Tax (FBT) and so we encourage you to talk to a Carthills Financial Advisor to discuss your individual circumstances.