Salary packaging for teachers explained

EducationHQ News Team

By EducationHQ News Team
Published June 4, 2019

You might have heard of the potential savings to be had via salary packaging, but how does it work and will it save you anything? We spoke with guru Tim Olynyk, a tax consulting partner from Banks Group to find out more.

Private or religion-based schools are eligible to be treated as charities and thus have concessional FBT status.

In a nutshell, what is salary packaging and why is it an option that educators should consider?

Salary packaging is ...

This story appeared in the June 2019 edition of Australian Teacher Magazine.

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