Hi,
I have been told by many people that when salary sacrificing, you pay less in tax throughout the financial year. However, I have also been told that when you have a HECS debt and you salary sacrifice, you should inform your payroll to take out extra tax to cover your hecs debt repayments. This I do not understand. I have just started salary sacrificing for the purpose of purchasing leave and have a HECS debt. How does this impact me? How are fringe benefits calculated? If I am asking my work to take more tax out while salary sacrificing, doesn't that just defeat the purpose of supposably paying less in tax when salary sacrificing?
635 views
635 views3 replies
3 replies
635 views
3 replies