Salary sacrifice is an agreement between you, as the ‘employee’ and Ruby Payroll as the ‘employer’ where you will have funds debited from your gross wage to pay for business related expenses. This is very effective way to purchase business related items, whilst lowering what you pay in tax and giving yourself more money in the bank!
Claimable business expenses include:
- Laptops and Computers
- Mobile Phones
- Your vehicle
- Superannuation
- Any other business-related expense
*All salary sacrifice arrangements need to be agreed upon prior to purchase.