Salary Sacrificing
EEA Advisory articles tagged Salary Sacrificing.
Reportable Fringe Benefits Amount (RFBA) on payment summaries — what employees should know
Australian employees frequently notice the term Reportable Fringe Benefits Amount in their income statements. The figure reflects the grossed-up value of non-cash benefits provided by an employer. Although not added to taxable income, it can impact means-tested benefits. This guide explains in plain english how the amount is calculated, why it appears, and practical steps to take when planning salary packaging and assessing tax obligations.
Beyond the Basics: Maximizing Your Superannuation for a Comfortable Retirement
Introduction: In the ever-evolving financial landscape, superannuation stands as a beacon for those gearing up for retirement. While the basics are familiar to many, delving deeper can unveil strategies to truly maximize your superannuation’s potential. Ready for a deeper dive? Let’s embark! Why Focus on Superannuation?: Superannuation is more than just a mandatory retirement savings
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