Salary Packaging Procedure

Section 2. Benefits associated with salary packaging

Salary packaging offers benefits both to the University as the employer and to staff who wish to participate in the program. Some of the benefits that can accrue from participating in salary packaging are:

Employer

• retention of valued staff
• attractive to potential staff
• cost effective
• sensitivity to individual needs
• complements performance management programs

Staff

• flexibility in requesting benefit options to meet specific individual needs
• opportunity to increase disposable income
• making financial decisions based on pre-tax dollars, not post-tax dollars
• reduce the impact of additional Medicare levy