By participating in the REWARDS™ fully maintained novated lease program, your monthly lease rental is deducted from your gross salary (before PAYG tax and the Medicare Levy) resulting in lower income tax, and therefore, a higher net salary.

All operating costs including fuel, servicing, tyres, registration and insurance can be included in the monthly rental, which is incorporated in your salary package and paid for by your employer on your behalf.

Reduce income tax and take advantage of:

• New or Used Cars - your choice of new or used vehicle.
• GST Savings - no GST on purchase price and operating costs.
• Minimal Paperwork - see how short and easy our application form is.

Have you ever wondered what a novated lease is? It is a fantastic way of financing a vehicle from your pre-tax income. Novated leasing is a common and popular method of financing. Employers and employees both benefit greatly from having such a financing program. Employers no longer need to keep company cars on hand and on their balance books as employees can finance their own car for company use. The employer can offer an attractive salary which is packaged so that the car finance payments are deduced from the employee’s pre-tax income. This is a great way of retaining staff and attracting new staff.

Employees benefit from salary packaging as they save tax. The car repayments are made from their pre-tax income, thus effectively increasing their take home pay. Alternatively, they may wish to take out a fully maintained novated lease, whereby the running costs of the vehicle are also deducted from their pre-tax income. Running costs of a vehicle include, fuel, insurance, registration, servicing and tyres. The tax savings run into the thousands and if they wish to finance their partner’s car through the salary packaging method the savings are further increased.

Speak to a Madison Finance representative today on how a novated lease will benefit you. Our experienced novated lease specialists are on hand to take your call on 1300 887 967.

A novated lease is a great way to start the fiscal year. Having looked at the tax you paid for the last financial year can be depressing and as such you may wish to look at a novated lease. A novated lease is a tax effective way of financing your car. By taking out a novated lease your car repayments are deducted from your pre-tax income, thus saving you tax each year and effectively increasing your take home pay. If your employer doesn’t offer this means of finance we are happy to speak to your employer about offering this option to their staff.

Offering a novated lease program to staff members helps to retain and attract staff. The paperwork required for a novated lease program is minimal. A novated lease can also be extended to a spouse to enable them to make their car repayments from your pre-tax income. A fully maintained novated lease can also be offered. This enables you to also pay for the running costs of your vehicle from your pre-tax income. The running costs of a vehicle include fuel, servicing, registration, insurance and tyres.