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.