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Sounds similar to https://en.wikipedia.org/wiki/Fringe_benefits_tax_(Australia) https://en.wikipedia.org/wiki/Fringe_benefits_tax_(Australia... In Aus (and UK,
by bjeanes 13y ago
Sounds similar to https://en.wikipedia.org/wiki/Fringe_benefits_tax_(Australia) https://en.wikipedia.org/wiki/Fringe_benefits_tax_(Australia...
In Aus (and UK, I believe) you can "salary sacrifice" something like a car, phone, or computer. Essentially the employer buys it for you and just deducts payments from your paycheck towards it. It isn't income to you, but there is a fringe benefits tax. Some items, like computers and phones, are exempt from this tax though.
- arethuza 13y agoAs far as I know the only thing that works this way in the UK - there is as scheme where you can get a bicycle tax free and paid by deductions from your salary: http://www.cyclescheme.co.uk/ http://www.cyclescheme.co.uk/