An employee lease offering a win-win for all parties.
A Novated Lease offers a win-win for you and your employees, with the lease payment being deducted from your employee’s pre-tax salary. As an employer, you are able to offer more competitive salary packaging options to attract the best candidates while your employee benefits from a lease that enables them to claim tax benefits.
If the employee leaves your company they take the vehicle and the lease is transferred to their next employer so your organisation isn’t left with an unused vehicle. What’s more attractive is that your employee can also include the daily operating costs associated with running the vehicle and make a contribution from post tax dollars.
Novated Lease Benefits for the Employer
- Competitive salary packages with risk-free fleet vehicle options.
- No risk of resale for your organisation (the liability is on the employee).
- If your employee leaves, the lease is transferred to their next employer and the employee takes their vehicle with them.
Novated Lease Benefits for the Employee
- Choose the car that suits you personally.
- Control your vehicle maintenance.
- Your vehicle is portable and goes with you should you change employer.
- Lease payments are made from your pre-tax income offering tax benefits to you.
- Operating costs such as fuel, servicing, tyres and insurance can be paid out of post tax-dollars utilising the Employee Contribution Method.
Value-Added Services
We offer a range of value-added services. Click here to find out more.