Myth: Novated leasing is an administrative nightmare
Novated leases are sometimes perceived as a whole lot of administration and paperwork throughout the entire lease. This is certainly not the case – Remunerator’s process is designed to be stress free and as simple as possible.
Saving is not always easy especially during Christmas and the holiday season. Australia is set to spend $25 billion on Christmas this year alone. Remunerator has decided to step in.
Here are our top 5 tips for saving this Christmas:
- Set a spending limit
Use apps like ASIC’s MoneySmart’s TrackMySPEND to monitor your holiday spending so can set budgets and don’t blow the bank.
A novated lease provides heaps of benefits to employers and employees – save on tax, get great discounts on cars and related expenses and at no cost to the employer. But some things are too good to be true – there are risks to having a novated lease.
There is a common misconception that it’s difficult for employees to change jobs with a novated lease. While offering novated leasing and salary packaging programs helps to increase employee retention, people do move on to other opportunities.
When an employee takes out a novated lease on a new car,
Salary packaging and novated leasing can be a great employee perk – no cost to the employer, employees can reduce their taxable income and don’t have to wait until the end of financial year for a tax break. However, when your remuneration is structured with:
- a company car (on top of your salary);
Q: How do you reduce your company’s financial liability, increase employee retention AND offer a great benefits program?
A: Novated Leasing.
What is AASB16 and why do you need to know?
AASB16 is a new accounting standard that means leases and loans that are currently not required to be on-balance sheet,
On Tuesday, the Federal Treasurer handed down the 2018/19 Federal Budget.
From the perspective of Salary Packaging and Novated Leasing, the only effect has been on tax has come in the form of a tax refund to low- and middle-income earners.
Given it is in the form of a tax-refund,
Key Federal Budget 2017 announcements that will impact Salary and Wage earners will include;
- First home buyers being able to access their super for a deposit
- The Medicare levy and
- Changes to the HELP repayment threshold
Here are some updates about these key points.
Election news, election updates! Novated Leasing is here to stay regardless of who wins the election come Saturday, July 2, 2016.
The Coalition Government has again confirmed their positive stance with regard to Novated Leasing.
In a letter to the National Automotive Leasing & Salary Packaging Association (NALSPA) dated May 5,
Save money! No effort required! Holiday! Trigger words! Yeah, I obviously studied Marketing.
Good news, this isn’t even a gimmick. I just like trigger words. Anyway, yeah, let’s discuss saving money and holidays.
Novated Lease unavailability is industry terminology describing the process whereby if your employee does not have use of their vehicle for a period of time,