Car Packaging via a Novated Lease works in much the same way as Salary Packaging - by paying for vehicle payments and running costs from your pre-tax salary, thereby reducing your tax payable every payday.
Benefits for the Employees:- Your car of choice, registered and insured in your name.
- Reduce your tax payable, every payday.
- No GST payable by you on the purchase price of your car
- Access Fleet Choice's fleet discounts on all new cars.
Benefit to Employers:
- Provides additional staff benefits at no cost to the employer.
- Enhances staff retention and recruitment capabilities
- Takes company cars off the balance sheet
- Minimises / reduces FBT costs
Many organisations prefer to provide employees with the option of entering into a car packaging arrangement as opposed to a company car, thereby reducing the fleet, FBT and associated costs with cars on the balance sheet.
Employees appreciate the opportunity to buy their car of choice and benefit from the related tax savings.
Fleet Choice’s role is to efficiently manage the administration and reporting for Novated Leasing to ensure the FBT risk is mitigated and most importantly all employees packaging is structured and monitored to maximise their tax savings.
Please complete the enquiry form to obtain a tailored Novated Lease calculation including detail of the vehicle fleet discount and tax savings.
Alternatively contact our friendly Customer Service staff for more information on 1300 889 669