Salary packaging (also known as salary sacrificing) is an agreement between an employer and an employee, where the employee agrees to forgo part of their salary in return for the employer providing them with benefits of a similar value.
This enables employees to take advantage of the potential benefits of flexible salary packaging, by maximising the tax effectiveness of their income. This can be done on an array of products including laptops, extra super payments and vehicles.
Salary packaging or salary sacrificing a vehicle is known as a Novated Lease, and can allow a driver to save money on their next personal motor vehicle and operate it in a tax and cost effective manner.
sgfleet provides a complete salary packaging and Novated Lease solution with dedicated Consultants to assist through the simple process.
For more information contact sgfleet on 1800 743 262 or email novatedsales@sg