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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 an employer to its employees. Vehicle Solutions Australia have been providing a “Self Managed” novated lease service to SA Government employees for over 7 years. Our “Self Managed” Novated Lease in Adelaide provides valuable… 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

Can anyone have a Novated Lease in Adelaide?

Can anyone have a Novated Lease in Adelaide?

If you earn a salary and you pay tax, you can have a Novated Lease in Adelaide. However before entering into a Novated Lease it is worth understanding the following steps that will save you valuable time and money. IF YOU ARE A GOVERNMENT EMPLOYEE (STATE/FED/DEFENCE/LOCAL)- You are free to explore your Novated Lease options… Read more

Do Novated Leases save you money?

Do Novated Leases save you money?

Yes you can save on tax with a Novated Lease. The Lease was first established to assist employers such as charities who found it hard to increase their employee salaries at the same rate as their private and government counterparts. These tax incentives (tax free income) helped these lower paid employees to pay general expenses… Read more

What happens if I am no longer employed by a Government Department – what happens to my Novated Lease?

What happens if I am no longer employed by a Government Department – what happens to my Novated Lease?

Novated Leases can be transferred to a new employer or simply reverts to a month finance payment until you have found a new job. If you have an SA Government employee Novated Lease and for what ever reason you are leaving your job, firstly contact your Salary Packaging Provider for advice. In most cases your… Read more