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);
From classic Ford and Holden to BMW and Chrysler, the Australian police car has evolved drastically. Long before novated leasing and company cars, our authority figures would be in hot pursuit on horseback and cycling the streets to ‘protect and serve’.
The Police Car
The first Australian patrol car was introduced in the early 1900s.
Blockchain. You’ve probably heard about it by now, so what is it?
No, it’s not another term for novated leasing – the short version is that it’s a new technology that is almost impossible to hack. Blockchain works in a way that removes the need for a ‘middle man’ when it comes to making transactions and purchases and increases data privacy.
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,
Are you getting the most out of your novated lease? You’ve already saved thousands with your current novated lease and you can continue to save.
Mazda continues to dominate the Australian vehicle market.
What a start to the year! Mazda takes the lead alongside Toyota and won’t budge. We compared our novated leases to national sales for January and February 2018 and 2017 and the results were not surprising.
It really is that easy to buy a brand new car. Now you can shop for your weekly groceries AND buy a new car! As of late the current trend in car sales is retail.
Who would have thought or is it about time?
Ever heard of a fun novated lease? The 2018 Hyundai Kona is making waves across the board in the small SUV market and automotive design as Hyundai’s first edition alongside competitors including the Nissan Juke, Toyota’s CHR and Mazda’s CX range.
The Kona’s tropical influence is prevalent via nine exterior colour choices – Phantom Black,