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What are the tax benefits of salary sacrificing in Australia?

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Q

What are the potential tax benefits of salary sacrificing arrangements in Australia?

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2 answers from the community

A

Salary sacrificing allows employees to allocate a portion of their pre-tax income to benefits like superannuation, reducing their taxable income.

1 year ago

A

Common benefits include additional superannuation contributions, car leases, and electronic devices, which can provide tax savings.

1 year ago