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Salary sacrificing: A simple explanation

Salary Sacrifice

Salary sacrificing is basically a way to minimise your tax bill. It involves using your pre-tax salary to buy goods or services that you'd normally buy with your after-tax pay. Because in the eyes of the tax department you're earning less when you're salary sacrificing, they tax you less. Explains, Mr Mohamed Yussouf. Produced by RaySel.


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By Raysel

Source: SBS




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Salary sacrificing is basically a way to minimise your tax bill. It involves using your pre-tax salary to buy goods or services that you'd normally buy with your after-tax pay. Because in the eyes of the tax department you're earning less when you're salary sacrificing, they tax you less. Explains, Mr Mohamed Yussouf. Produced by RaySel.



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