Salary Packaging

Are you getting the most mileage out of your salary?

Salary packaging is a tax-effective way of receiving your salary as a combination of income and benefits. It is an arrangement made between you and your employer whereby you agree to forego part of your future entitlement to salary or wages in return for your employer providing benefits to you of a similar value.

Under an effective salary packaging agreement you will receive a reduced salary (in addition to non-cash benefits) and so will only pay income tax on the reduced salary or wages. The benefits can be considerable and HM advisers are trained to identify areas of maximum tax savings.

Without the correct advice however, salary packaging can be a confusing, even problematic, area to navigate. It is not uncommon for clients who set up salary packaging independently to seek advice only after receiving a tax bill from the Australian Tax Office. Financial penalties can be considerable and changes to salary packaging laws and policy make any attempts to 'do it yourself' risky and unnecessarily difficult. At HM, our experienced team of financial advisers keep up-to-date with legislative changes and can help you take advantage of the opportunities available. As a HM salary packaging client, you are also entitled to a complimentary Financial Health Check with one of our qualified advisers.

Salary Packaging Information Kit (pdf)

How Our Salary Packaging Clients Rate Our Performance

Talk to a Henderson Matusch adviser today about how Salary Packaging can help improve your financial fuel efficiency.