Reduce Your Tax by Salary Packaging

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Salary packaging must be put in place in advance so October is a good time to plan to save tax that you can spend over the summer. Our team of in-house financial advisers have curated 4 popular ways of saving tax by salary packaging and conclude with a simple example of how much tax you may be able to save every financial year. Packaging Your Salary “Packaging” as it is commonly called, means sacrificing some of your cash salary to pay specified personal costs. The most common examples are: A car owned by you for personal use. A car owned by…

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