Salary Packaging is a flexible, tax effective remuneration program that helps employers and employees.

The way salaries are structured can make a huge difference to employees. In an environment of high taxation, people are eager to take advantage of legitimate Australian Tax Office (ATO) approved ways of minimising the tax burden.

There are legitimate ways of structuring salary packages advantageously. Leasecorp, with its salary packaging partners specialises in designing customised salary packaging to save employee's tax and reduce employer's administration and on-costs at no cost to the employer.

Salary packaging is an ATO approved means of structuring an employee's tax effectively in a way that is attractive to both employers and employees. Up to 100% of a person's gross salary can be packaged. It is done through flexible remuneration arrangements that offer a choice of benefits. Minimising tax delivers higher after-tax income.

Salary packaging is popular with employers and employees.

By paying non-cash benefits from an employee's pre-tax salary, e.g. car, computers the taxable cash salary is reduced, and the employee pays less tax. The employer enjoys reduced administration and on-costs, e.g. payroll tax and workers compensation cover.