What is the primary purpose of "salary packaging" (salary sacrificing)?

Answer

To lower taxable income by electing to receive certain benefits instead of an equivalent amount of base salary.

Salary packaging is a tax optimization strategy where an employee elects to have parts of their gross pay redirected pre-tax to cover specific expenses, thus lowering their taxable income and increasing net take-home pay.

What is the primary purpose of "salary packaging" (salary sacrificing)?
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