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Salary Sacrifice

...is an arrangement between an employer and an employee, where the employee agrees to forgo part of their future entitlement to salary or wages in return for the employer providing them with benefits of a similar value. (www.ato.gov.au)

Salary sacrifice options available to Tasmanian State Service employees include Salary Sacrifice for Superannuation and salary sacrifice for certain FBT exempt benefits (eligible items).

Maxxia Pty Ltd has been contracted by the State Government to administer salary sacrifice arrangements for participating employees wishing to purchase the following work-related items (one per FBT year);

• Briefcases
• Electronic diary/PDA/Palm Pilot/Calculator
• Laptop/notebook computer
• Mobile phone and accounts
• Portable printer
• iPad
• Work related computer software.

Salary sacrifice can only be arranged where it aligns with ATO requirements and the items to be purchased are primarily to be used for work purposes. It is suggested that employees check with their Agency’s Human Resources team to ensure that the items can be supported/meet these requirements.

It is recommended that you seek your own independent, professional financial or taxation advice before making a decision with respect to salary sacrifice.

For more information on the salary sacrifice options available to you, please check your Agency intranet, or contact your HR team..