6 easy steps to a novated lease for your next car

Mark Schneider | 16/10/2017 9:16:23 AM

Salary sacrificing is the smart way to get your hands on more of the goods and services you need while keeping more money in your pocket each pay day. It does that because those goods and services are paid for out of your pre-tax income, not your pay after it's been taxed. Owning a car is probably one of your biggest financial commitments, so when you salary sacrifice a car through a novated lease, those savings really add-up. Perhaps you already know about the benefits of novated...

How does salary sacrificing work?

Mark Schneider | 21/07/2017 2:06:43 PM

At first glance salary sacrificing might seem like a strange concept. After all, you work hard for the money, why on earth would you want to sacrifice any of it? Well despite that counter-intuitive name, salary sacrificing makes a lot of sense. It's all about giving up a little of your pre-tax income to keep more in your pocket each payday. So what exactly is it and how does it help your budgeting? In brief, it's an agreement between you and your employer, who agrees to pay for so...

Budget bonus for first homebuyers

Mark Schneider | 23/06/2017 1:06:52 PM

This year's federal budget contained some good news for hard-pressed people saving up to buy their first home. First homebuyers will welcome the fact that they can now put part of their pre-tax income into their superannuation fund where it can go towards a deposit for a home. From July 1 2017 individuals can put a total of $30,000 into their super fund, or up to $15,000 per year. Couples can put up to $60,000 into super. From there they get the benefits of growing that ...

Are you eligible for salary sacrificing?

Mark Schneider | 8/06/2017 1:24:32 PM

If you think you've got better things to do with your weekly pay than giving large chunks of it away to the taxman then there's a simple strategy to reduce your tax and hang onto more of your hard-earned. It's called salary sacrificing, salary packaging or total remuneration packaging. In simple terms you arrange for your employer to pay some of your household bills for you out of your pre-tax income. That reduces your taxable income and the dollars the taxman can get his hand...

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