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  1. #11
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    Quote Originally Posted by BabyG4 View Post
    We salary sacrifice a car to bring our taxable income down. There is 2 ways of salary sacrificing, one way is under fringe benefit tax and the other way you pay an extra amount in GST so it's not (not sure on the correct terminology). Anyway we've had our car for a year now and when DH group certificate came around his taxable income was $15k less which worked out great for us with family assistance.
    Ours is the same I'm pretty sure. We make the extra payment each pay period.

  2. #12
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    Quote Originally Posted by smallpotatoes View Post
    Ours is the same I'm pretty sure. We make the extra payment each pay period.
    Yep, ours is an extra $50 a fortnight. I think it's the fuel and running costs etc that come off the taxable income.


 

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