A Novated Lease can be an effective form of tax planning. It allows you to lease the car of your choice and pay all the lease and running costs from your pre-tax salary, as well as your car running costs excluding GST.
A Novated Lease is a three-way agreement between you, your employer and a financier. You lease the vehicle from the financier, and then transfer the obligations of the lease to your employer.
Your employer then pays an amount each month to Fleetcare on your behalf to cover the lease instalments and all operating costs associated with the running of your vehicle. Your employer collects this money back from you through salary sacrificing - by retaining the monthly amount from your salary.
In return, you have exclusive access to your vehicle for unlimited private use, a reduction in your taxable income, thus a rise in your disposable income - you just gave yourself a pay rise!
To calculate your savings click on the calculator image to your right and get your FREE Novated Lease calculator. Alternatively if you would like more info click on the "Enquire online" button.
Simply fill out an online information request form or call Fleetcare on 1300 655 170