Novated Leasing allows you to Salary Package a Vehicle. We provide a variety of the novated lease options. The objective of novated leasing and salary packaging is to effectively increase your take-home pay.

We are able to Salary Package a vehicle through a novated lease where; 

• You have found a vehicle - new, used or already owned by you and you wish to salary package the vehicle for tax effectiveness

• You require a new vehicle and require us to source a vehicle and provide a novated lease for salary packaging purposes.

Our aim is to salary package a vehicle via a novated lease to maximise your taxation benefits. If you require an indicative quote please use the menu on this page. We will send you a fully maintained novated lease quote, with budgeted expenses included and novated leasing information package for your convenience. Salary Packaging a vehicle by "Novating" a lease provides the following benefits;

• Significant income tax savings by using pre-tax income to pay for your vehicle purchase and its running expenses 
• No GST on purchase price 
• Lower GST on all related operating costs, including fuel 
• flexibility in the choice of a vehicle 

Salary packaging - an example of a novated lease

Andrew, who earns $85,000 a year excluding super, is considering entering into an effective salary sacrifice novated lease arrangement. Under this arrangement his employer will provide the use of a $35,000 car and pay all the associated running expenses of $9,521. The total annual rentals including financing are $19,296.82. Andrew expects to travel 30,000 per annum.

• the taxable value of the car fringe benefit will be $3,850 if the car travels 30,000kms in the FBT year, and

• Andrew will sacrifice
  $14,042 if employee contributions of $3,850 are made.

The following table illustrates how salary sacrificing and employee contributions work by comparing the net disposable income for Andrew in two scenarios.

1.     no salary sacrifice arrangement

2.     a salary sacrifice arrangement where employee contributions are provided

	1. Salary only (no packaging)	2. Salary + car (with employee contribution method)
Annual remuneration	$85,000.00	$85,000.00
Less salary sacrifice	$NIL	$14,042.56
Taxable income	$85,000.00	$70,957.44
Less income tax including medicare levy	$20,675.30	$15,901.89
Less employee contribution	NIL	$3,850.00
Income after tax / salary sacrifice amount	$64,324.63	$51,205.55
Less car expenses	$19,296.80	$NIL
Net disposable income	$45,027.83	$51,205.55
Annual Savings/Effective Increase in Disposable Income		$6,177.72

"Salary packaging is a way of enabling employees to use their gross salary before it has been taxed, thereby effectively increasing their purchasing power"

Novated lease calculator

Try our Novated Lease Calculator.

By completing the novated lease calculator you will receive an email detailing the taxation benefits available from Salary Packaging a Novated Lease.