Salary Packaging Quiz

Salary packaging refers to a voluntary arrangement between an employer and an employee, where the employee chooses to receive part of their remuneration in the form of benefits, such as a car, health insurance, or additional superannuation contributions.

Some common benefits included in salary packaging are cars, health insurance, meal entertainment, and additional superannuation contributions.

The advantages of salary packaging for employees include potential tax savings, increased take-home pay, access to goods and services at a discounted rate, and the ability to tailor their remuneration package to suit their individual needs.