Benefits of Salary Sacrifice
As mentioned earlier, the benefits of Salary Sacrifice include the goods and service by the employer to the employee. It can even be in the form of contribution to the superannuation of the employee. Notably, the practice of Salary Sacrifice is completely optional and the employee is free to make his/her decision.
What is Salary Sacrifice and How Does It Work?
Salary Sacrifice is a setup where an employee agrees to take less salary in return for benefits provided by their employer. This happens with an agreement between the employee and the employer. The benefits can be in the form of employer-provided goods and services or contributions to your superannuation. Salary sacrifice helps in providing the benefit of less taxes.
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