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I have just learned of something called salary packaging. It is when you reduce your own income in exchange for your employer paying for specific amenities for you. The Australian Taxation Office says that such amenities have to be work related, such as a company car, work clothing, laptop that you use for work, etc. But my employer has explained that they can allow for more personal amenities to be "salary packaged". This can include items such as house bills, personal car loans, groceries, online subscriptions, etc - items that generally are not one-off payments, it seems. I do not fully understand how this works but I think it sounds good because in theory you should be paying less tax while not even having to pay for rent or mortgage for example
What does /bant/ think of this. Does it sound good. Are there other users here who know if their country does something similar
