When you appoint a service provider for novated leases, there are distinct reasons why you would want to test the provision of services; The appoint was endorsed by you, as Corporate Services Manager / Director. You have done the necessary due diligence to confirm the provider can provide, Vehicles at discounted prices; Competitive finance rates;…
If you work for a Not for Profit you should be aware that you can package your CAP on mortgage / rent / credit card and pay FBT at a discounted rate. If you are earning between $90,000 and $180,000, you can save $1,708 per year and if you are earning more than $180,000 you…
Remote Area holiday transport is available to employees, who work in remote areas, subject to the following conditions being met; The employee must work in a remote area; The transport is provided to enable the employee and family members to have a holiday of not less than 3 days; Employees must use the transport during…
Using a novated lease gives you fleet buying power – Have a look at some of these savings When you decide to salary package a new vehicle, there are two very significant savings you can achieve upfront. You can gain access to our fleet buying power, saving you THOUSANDS. Below are some vehicles we have…
Lease protection insurance is taken out when you buy your vehicle through a novated lease. Its primary objective is to protect you in the event of involuntary unemployment or an accident that renders you incapable of performing your nominated occupation. In the event of involuntary unemployment the policy will generally: pay the monthly lease payment…
Why vehicle maintenance approval makes absolute sense Two weeks ago, I had the pleasure of taking my car in for a major service. My partner dropped the car off but she called later that day to tell me the service was quoted at nearly $7,000. I was very surprised. The first question I asked was:…
With pump prices per litre hovering around $1.65 for premium and $1.43 for regular, many people use shopper dockets to save a few dollars. But with novated leasing you could be paying just 87c per litre. Using a novated lease to manage your motor vehicle is one of the smartest ways to save on tax…
It’s well-known that an absence of competition is not good for consumers — a monopoly will only lead to higher prices. I had the distinct pleasure of reviewing a competitor’s novated lease quote last week and what I saw was nothing but cowboy behaviour. To make matters worse, the employer did not allow employees to…
Throughout the many years I have been involved in the salary packaging industry, this is the question that I’m asked most often. On the whole, novated leases are becoming increasingly popular in Australia, especially when buying a new car. If you are going to buy a new car, there are four key points to be…
