When it comes to Salary Packaging, there are a couple of areas you can come unstuck as your benefits should be structured in a way that is maximising your income.
One example: If you take up a Novated Lease, and you are working for a not-for-profit foundation, you wouldn’t use your $15,900 benefit to pay for the lease as a novated lease is an additional benefit.
Another Example: If you take up the Novated lease Benefit you need to make sure it is structured correctly as to the uneducated eye, it is nearly impossible to calculate the ‘TRUE COSTS’ of the package when everything is bundled together and all you see is the tax savings at the bottom of the quote.