Restructure your salary income to access cashflow and income tax benefits.
It involves the payment for goods and services with some of your pre-tax income.
What we offer
Salary packaging can be a dynamic and complex strategy with significant benefits. A properly constructed and well managed salary package may provide immediate cashflow and income tax benefits. Elodus will assist you by providing advice and guidance on the establishment and management of an effective salary packaging arrangement. We work with you and the salary packaging provider to maximise your packaging options and manage the Fringe Benefits Tax (FBT) implications.
We have assisted many clients to commence salary packaging for such items as
- Education expenses
- Novated lease / motor vehicle
- Personal insurances
- Credit card payments
- General household expenses
- Home loan payments
- Rental expenses
Salary packaging is particularly effective for
- Higher income earners
- Government employees; particularly working in the Health industry
- Private hospital employees
- Charities and benevolent institutions
Salary packaging will provide substantial benefits as part of your overall financial planning strategy.
For more information, contact us today.