This guide explains how salary packaging, an ATO-approved incentive, allows those working in the housing and homelessness sector to reduce their taxable income and increase their take-home pay. By using salary packaging, employees can allocate a portion of their salary to cover expenses such as rent, mortgage, credit card repayments, school fees, and everyday items. Additionally, there are perks like meal entertainment cards, extra superannuation contributions, and more.
The guide provides step-by-step instructions on how to get started with salary packaging, helping employees maximise their income and financial well-being while making a positive impact in the community.
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