31 July, 2010

Tax Effective Salary Packages

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Tax Effective Salary Packaging

If you have been offered a job in Australia you will often wonder what the remuneration means in net of tax terms, or whether it has structured in the best possible fashion with respect to Australian taxation.

Whether you are a returning Australian expatriate, a potential immigrant or a 457 work visa applicant the Australian taxation system, in terms of it’s complexity, represents a significant hurdle.  Before you accept an offer which includes remuneration terms, or indeed if you are employer who wishes to construct an effective and attractive package, we suggest you have the remuneration package reviewed for tax effectiveness.

Our professional advisors have tools which quickly and effectively analyse complex salary packaging factors including:

  • Fringe Benefits such as motor vehicles, car parking, expenses and living-away-from-home allowance (LAFHA)
  • Fring Benefits Tax (FBT) exempt benefits (such as laptop computers, mobile phones, membership fees, subscriptions and remote area housing) and,
  • Superannuation

A review of this nature is quick and cost effective, often leading to better, more cost effective and transparent packaging.  A "win-win" for employees and employers alike. Contact us via ther Inquiry form below for a quick response.

IMPORTANT: The material contained in this website and other associated communications is only intended as general, background information and must not be relied upon. No warranty is provided in relation to any material or to the services that may be contracted through exfin.com. It is recommended that individuals seek the advice of qualified professionals before taking any action.