
Save up to thousands every year and maximise your take-home pay by packaging your car with your salary.
Save up to thousands every year and maximise your take-home pay by packaging your car with your salary.
Did you know that car expenses are the second largest household expense for Aussies, costing up to 14% of your total income? No matter what type of car you own or want to buy, car salary packaging can potentially save you up to thousands of dollars every year, using your pre-tax salary to pay for your vehicle and all its associated running costs.
Novated Car Leasing is a salary packaging agreement between the employee, an employer and a novated leasing provider (us).
In one simple payment, employees are able to pay for all their car related expenses.
On top of happier and more loyal employees, it also means a reduction in payroll tax and workers compensation which can potentially save businesses thousands of dollars a year!
No. An employee can salary package the car they currently own, a used car or a new car.
Each pay, we will set aside a portion of your pre-tax salary to cover your running costs, including fuel, insurance, CTP and any other maintenance expenses. This is known as your vehicle budget. You will get a fuel card, which can be used at the fuel pump - never need to carry cash again!
In fact for many people, easy budgeting is the best part about getting a lease.
We will get in touch and provide you with the following options:
The employee has options:
The process is really easy. We will guide you through the following steps:
We are here to make leasing easy for both employees and employers, and are here to support every step of the way.
There is no risk to the employer.
A portion of the employees deductions are post-tax, so all Fringe Benefits Tax (FBT) is offset. As a result, no FBT will be payable by the employer. Ever!
Plus, the lease is in employee's name not yours. If the employee leaves the company, the lease either ends or goes with them and will never be a liability for you.
Whether you're an employee or employer, simply fill in the form below and we will reach out for a chat.
For employers, car salary packaging is one of the most significant benefits you can offer to your employees to help improve their financial wellbeing. And even better, it costs you nothing and can potentially save you some tax as well. Check out Slate @work for more smart financial products you can offer at your workplace.
Enter your details, and we’ll get in touch to discuss the options available to you or your business.