Get Maximum Value For Your People.
A novated lease is a great alternative to buying a car outright. No cash is needed up front, and there are major tax benefits on the lease repayments and the vehicle operating expenses.
Novated Leasing Makes Your Organisation More Attractive To Employees.
By allowing your employees to use their pre-tax salaries to pay a large portion of the costs of a new vehicle, they’ll secure significant savings on income tax – and you’ll become an employer of choice.
The very real benefits to employees are a great way to boost goodwill, loyalty and positivity amongst your staff. In fact, offering a lease as an option can become a significant advantage of working for your organisation which you can use to sweeten employment packages for the best talent.
With SalaryMasters, setting up novated leasing arrangements for staff is
incredibly simple. We can take care of every aspect of the setup and administration of your employees’ leases, virtually eliminating any burden on your finance team.
Essentially, a novated lease is a three-way agreement between you, your employee and a financier, reducing the employee’s taxable salary, paying for the vehicle over time, and significantly boosting their purchasing savings.
Novated leasing is possible in most industry sectors, however, the legislation and entitlements may vary – so talk to us.
Benefits Of Novated Leasing
Build Employee Loyalty With a Wide Range of Benefits.
Employees can source their own car or utilise our large network of local dealers offering fleet pricing which will ensure the best pricing out there.
Our fleet policy is tailored for novated leasing and offers a 3-year new-for-old replacement in the event of a write-off.
All running costs are paid for by one regular payroll deduction alleviating employee tedious budgeting for these items.
A panel of financiers available ensures lease payments are competitive saving your employees in the long term.
A choice of fuel cards from different suppliers, and pre-tax deductions, ensure employees save substantially on fuel costs.
Employees save GST on vehicle purchase, finance and running costs. This usually amounts to thousands per year in savings.
Offer Your Employees Even More
In addition to substantial savings of novated leases, there are many other options your employees can benefit from.
Novated Leasing Made Easy
A simple payment process
Deduction repayments directly from employees.
Management of your employee’s accounts
Minimise your FBT exposure.
Fast transaction processing
Payroll management and process automation
Program and policy design
Implementation and transition support.
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