Salary Packaging for employers
Employers offering Car Salary Packaging services to their employees ensure their organisation is positioned as an employer of choice and enhances employee recruitment and retention capabilities.
Salary Packaging cars, via a Novated Leasing arrangement, will in most instances increase employees’ take home salary by reducing their taxable income.
How does it work?
- Employees allocate a portion of their pre-tax salary to salary packaging their personal motor vehicle leasing and running costs each payday.
- Income tax then only applies to the amount remaining after these deductions.
- Your employees pay less in tax and enjoy increased net disposable income every pay day.
- No cost to the employer
- Greatly enhances employee recruitment and retention capabilities
- No cost “in house resource” to assist with education and sessions explaining the benefits.
- Dedicated, local account management in metropolitan or regional locations
- FBT and GST reporting online , saving time in preparing reports
- No fee for employers
- National Customer Contact Service centre.
- An employee Novated Lease will move company cars off the company balance sheet where applicable.
- Compliance with current Australian Tax Office requirements
Please call FLEET CHOICE on toll free 1300 889 669
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