Salary Packaging

Salary packaging is an Australian Tax Office approved way of restructuring your income. It allows you to make purchases for work reasons from your pre taxed income. This means when you pay tax, it is on a lower portion of your income - leaving more money in your back pocket each pay.

You can increase your cash flow by calculating tax deductions from your gross income each and every pay period.

For example,

By salary packaging throughout the year you increase your net income every pay period.

Pendragon assists you with identifying how you can salary package items including,

• Superannuation
• Laptops
• Cars
• professional memberships or subscriptions
• newspapers, magazines and journals
• self education
• relocation expenses
• LAFHA
• home office expenses

• company products and services
• car parking,
• transport and travel,
• mobile phone,
• computer software,
• income protection insurance,
• investment loans,
• And special items such as uniforms etc

Everyone can benefit from salary packaging. Organisations should look at salary packaging as a way of rewarding their employees with nil or minimum cost to them.

Individual employees should ask how they can look at salary packaging to help with their monthly cash flow.

If you are running your own ABN or are an independent contractor, tired of BAS statements, invoicing and paperwork you have to complete monthly, but still want the cash flow, salary packaging is also available to you.