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How does a Novated Lease work?

How does a Novated Lease work?

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

I am a South Australian Government employee – What are my Novated Lease options?

I am a South Australian Government employee – What are my Novated Lease options?

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

Can any SA State Government Employee qualify for a Novated Lease on a Vehicle?

Can any SA State Government Employee qualify for a Novated Lease on a Vehicle?

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

What is the Difference between a Novated Lease and Salary Packaging

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

What is the definition of Novated Leases and how do they work?

What is the definition of Novated Leases and how do they work?

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

What is the advantage of a Novated Lease in Adelaide for a Government employee?

What is the advantage of a Novated Lease in Adelaide for a Government employee?

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

How can I calculate my savings with a novated lease?

How can I calculate my savings with a novated lease?

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