Is there specific insurance requirements? Recommended insurance? What are they? Yes, A Novated Lease requires full comprehensive vehicle insurance cover for the entire period of the lease as a minimum requirement. Because the vehicle is owned by the leasing company during the lease period, this cover is a requirement of the terms and conditions of… Read more
Many people still believe that at the end of a novated lease they either drop the car back to the dealership or someone from the finance company comes to pick it up. With a Novated lease, this is not the case. At the end of a Novated Lease you always have a number of options… Read more
The Australian Taxation Office (ATO) allow any employer to offer salary packaging/sacrifice to any employee. Car Salary Packaging can only be offered under what the ATO call a Novated Lease. A Novated Lease is a simple three way agreement between the employee, the employer and a leasing company (financier). Normally when an employee finances a… Read more
Federal, state and local government departments as well as all private employers can offer employees a Novated Lease in Australia. This is an Australian Tax Office (ATO) approved tax benefit. Employer based income tax benefits are called Salary Packaging or Salary Sacrifice and the most widely used Salary Packaging item is a car. To be… Read more
There is very little information on choice when establishing a Novated Lease for SA Government Employees. Most employees believe they are required to you the sole Salary Packaging provider chosen to administer the SA Government contract. This is not correct. By understanding the difference between a Novated Lease for SA Government employees and the Salary… Read more
The following is a simple guideline for all employees wanting to establish a SA State Government Novated Lease. The South Australian Government allows public sector employees to access salary sacrifice through the South Australian Government Salary Sacrifice Arrangements (“SAGSSA”). SAGSSA offers all public sector employee access to salary sacrifice. The decision to salary sacrifice is solely for each… Read more
What is the difference between a Novated Lease and Salary Packaging? Novated Lease and Salary Packaging, by understanding the difference between a Novated Leasing and Salary Packaging will save you thousands. The reason for this is simple. The explanation creates choice and choice creates competition and a more competitive finance payment saves you money. Every… Read more
Novated Leases are the finance arrangement that allows any employee to Salary Package or Salary Sacrifice a car for private or business use through their employer. This is a tri-party arrangement between the leasing company, an employer and an employee. The arrangement allows an employee to sacrifice (hence the term Salary Sacrifice) a portion of their… Read more
Government employees can save tax by doing a Novated Lease in Adelaide. A Novated Lease is a tax benefit provided by SA Government to all of its employees. Vehicle Solutions Australia have been providing a service to SA Government employees for over 7 years. Our Novated Lease in Adelaide is more affordable. This article will… Read more
By using our online Novated Lease Calculator you can calculate your savings in as little as 30 seconds. However it is also important to understand where the savings are being generated. The following article outlines the way a novated lease works and how our Novated Lease Calculator generates the figures. For most employees without a… Read more