Who can apply for salary packaging? Is it only beneficial to high income earners?
All tenured/tenurable and permanent staff and staff with a fixed-term contract of 12 months or more may participate. Casual staff and those on contracts for less than 12 months are not eligible to apply. Fixed-term contract staff who wish to lease a motor vehicle must have a contract of appointment for longer than the motor vehicle lease period. In general, higher income earners will benefit more as they have a higher marginal tax rate. However, the benefits of salary packaging will vary in each individual case and should be assessed properly by your financial advisor before you enter into a packaging arrangement.
