An appealing trend is to offer workers increasingly flexible options in hours and location of work and in allowing methods of payment to be tailored to employees individual requirements. While money has its unique allure, it s possible to be paid in something more than hard cash these days. Salary packaging - giving up or sacrificing some or all of your salary in return for other benefits provided by your employer has moved beyond the once standard cash, car and superannuation combination. The practice that was once almost exclusively the preserve of top-end executives whose principle concern was minimising their tax liabilities, has moved on. As retention of skilled staff at all levels has become a crucial factor, attitudes to how they can be paid have broadened.
Tax efficiency is no longer the sole motivation.
Today it s possible to have written into your remuneration package items that will improve your lifestyle, broaden your horizons or even quick fix feel-good activities. When considering a fresh career role, always ask if the employer is open to packaging options. Then, focusing on your lifestyle or life balance requirements, and use your imagination. Here are a few clues to get you started. Many people have an option to include a car in the salary package offered by their employer.