Sentences with phrase «as salary sacrifice»

This is commonly known as a salary sacrifice.

Salary packaging (also known as salary sacrifice) is an arrangement between you and your employer where you pay for some items or services straight from your pre-tax salary.

Not exact matches

Her raise is more than my annual salary, so it's hard to see that 10 % as any kind of real sacrifice.

As reported on 6 August by Inside Higher Ed, tenure - track faculty members at the university voted to postpone a 1.5 % increase in their own salaries to preserve the jobs of 29 adjunct faculty members, whose positions the university administration had decided to sacrifice in a budget cut.

Amounts that an employee chooses to salary sacrifice (before - tax contributions) are treated as employer contributions for super guarantee purposes and must be reported.

You can add to your own super with tax - effective salary sacrifice payments as well as after - tax personal contributions.

Salary sacrificed super contributions are classified as employer super contributions, rather than employee contributions.

The sacrificed component of your total salary package is not counted as assessable income for tax purposes.

Salary sacrificing (into super): When you and your employer agree to pay a portion of your pre-tax salary as an additional contribution to your superannuationSalary sacrificing (into super): When you and your employer agree to pay a portion of your pre-tax salary as an additional contribution to your superannuationsalary as an additional contribution to your superannuation fund.

Shares may be offered as part of an employee's remuneration or bonus, or through a loan or salary sacrifice arrangement.

A salary sacrifice to super is where you and your employer agree to pay a portion of your pre-tax salary as an additional concessional contribution to your superannuation account.

These salary sacrificed contributions will be taxed by the super fund at 15 %, the same as your employer's contributions.

If you pay more than 15 % in income tax, you could consider sacrificing some salary and asking your employer to pay the same amount as a pre-tax super contribution.

The salary - sacrificed amount counts as a deductible contribution for you (providing the arrangement meets the conditions for salary sacrifice).

While many businesses have previously offered employees, salary sacrifice schemes to help meet the costs of modern necessities such as these, as well as saving tax; the wide adoption of these schemes has meant that the Government has found it increasingly difficult to track how much tax it is losing — because firms are not reporting how much both them, and their employees are saving.

Company car option available as part of salary sacrifice scheme.