Entering into a novated lease provides benefits for both the employer and the employee. A novated lease is a method of salary sacrificing. By financing a car through a novated lease you are paying for your vehicle from your pre-tax income. A novated lease program also provides you with the opportunity to pay for the running costs of your vehicle from your pre-tax income. Running costs include petrol, registration, servicing and insurance. Most companies will also allow you to finance your partner’s vehicle from your pre-tax income. This literally can save you thousands of dollars each year in tax.

By taking advantage of a novated lease program you have the benefit of using your own vehicle and not at the mercy of using a company car that is used by many other employees. It also alleviates the problem of moving your belongings from one vehicle to the next.

Employers are welcoming of novated lease programs because it means it is an incentive for attracting new staff and retaining existing employees. It also alleviates the need for company cars which require constant upkeep, such as insurance, registration and servicing. Company cars are a depreciating asset, which are constantly bought and sold depending on the number of employees. They also take up unnecessary car space.

To find out more about a novated lease speak to one of our friendly professional staff members. We are here to help and guide you through our novated lease program. Call us on 1300 887 967 to take advantage of this salary sacrificing method.

Have you ever considered a novated lease? Now that we are approaching the end of the calendar year it is a good idea to put your finances in order. Arranging a novated lease may be a wise investment. A novated lease is a great way to save tax. Imagine buying a car and having the lease repayments deducted from your pre-tax income. Well that’s exactly what happens with a novated lease. It is a method of salary sacrificing.

Want to save more tax? You can also pay for the running costs of your vehicle from your pre-tax income. Running costs include registration, insurance, fuel and servicing. You can also finance your spouse’s vehicle from your pre-tax income and their running costs. This can literally save your thousands of dollars in tax each year.

To see how much you can save in tax each year, you can use our online novated lease calculator. Alternatively, you may wish to speak to one of our professional novated lease specialists. They will be able to answer any questions you may have and guide you every step of the way through a novated lease.

Does your company offer a novated lease program? If they do, it is worthwhile looking into. Do your research and see how much money you would save by taking out a novated lease. Your employer may even allow you to salary package your partner’s vehicle too. By financing a car by way of a novated lease it enables you to purchase the vehicle from your pre-tax income. You may wish to take out a fully maintained novated lease. This enables you to not only finance the car from your pre-tax income but to pay for the running costs, such as fuel and servicing from your pre-tax income too.

To find out what you could save by salary packaging your vehicle, use our online novated lease calculator. To find out more about salary packaging and what your monthly commitments would be, speak to one of our friendly staff members today on 1300 887 967.

Salary packaging is of great benefit to employers and employees alike. As an employee you can buy the car that you desire from your pre-tax income. As a result, you save tax and you have the benefit of driving the car of your dreams. By salary packaging your vehicle you can save thousands of dollars in tax every year. Not only that, your employer may allow you to salary package your partner’s vehicle. Imagine being able to drive two cars that you wish for, from your pre-tax income. As an added bonus you can also claim all running costs of these vehicles, such as fuel and servicing from your pre-tax income. You really can save thousands of dollars each year on tax.

From an employer’s perspective providing salary packaging to their employees creates an incentive for prospective employees and helps to retain existing staff. There is no longer a need to keep company cars on hand which saves time on purchasing and maintaining the vehicles as well as freeing up car parking.

To find out more about salary packaging or to receive an obligation free quote contact a Madison Finance representative on 1300 887 967.

Do you have a car under finance? Most people do, but it may not necessarily be the best option for them. If your company offers salary packaging you should investigate whether you would be better off financing your car from your pre-tax income. By salary packaging your vehicle you could be thousands of dollars better off each year. Furthermore your employer may even provide you with the opportunity to finance your partner’s car from your pre-tax income.

By salary packaging your vehicle the lease repayments and running costs, such as fuel and servicing are deducted from your pre-tax income. Not only does this provide you with tax savings but it also eliminates the need for budgeting. As your employer takes your lease payments from your pre-tax income you know that your car is being paid for each month.

To find out more about salary packaging (a novated lease) contact a Madison Finance representative today. With experienced staff on hand to answer your queries we will be able to ascertain whether a novated lease will be of benefit to you.