Amidst all this talk about the cost of living crunch, there's one overlooked 'hack' that could save people over $5k. It's salary packaging, or salary sacrificing. The savings aren't explicit, but you do save on tax.

Many people know they can salary sacrifice super contributions, but did you know with some workplaces you can also do it for your petrol, transport, groceries, your mortgage, and your car? Some professions can sacrifice around $16k. Here to chat about that is Mike from Smart Salary Packaging, which works with companies to deliver their packaging schemes. He discussed the benefits, as well as probably the hottest topic - novated leasing, and if it's worth it. Great insightful chat!

00:00-00:43 - Intro

00:43-01:49 - Mike's Savings Tip

01:49-02:43 - Why aren't more people salary packaging?

02:43-04:44 - Benefits of salary packaging

04:44-07:08 - Educating workplaces on salary packaging

07:08-08:15 - Why not for profits get a bigger sacrifice

08:15-09:30 - Intro to novated leases

09:30-12:29 - Novated leasing benefits

12:29-13:23 - No GST on novated leasing cars

13:23-14:21 - Outro