Saving on the costs of running a car is a great employee benefit to offer your staff
Salary packaging a car through a novated lease arrangement is a great way your employees could get more out of their salary.
A novated lease is a three way agreement between you (the employer), a financier and your employee. Your employees make lease repayments on a car of their choice and pay for their running costs with a combination of pre and post tax salary. This decreases their taxable income, so they pay less income tax and potentially save thousands of dollars each year.
When Maxxia sources a new car for your employees, they don't pay GST on the purchase price. So that's an extra 10 per cent saving up front. With a novated lease, your employees also have their registration, maintenance and fuel expenses budgeted for. We can also apply discounts on fuel with our ability to negotiate great offers with some of Australia's leading providers.
Offering novated leasing is a great way to reward and recognise your employees' hard work without increasing wages.
How it impacts on your employees
Use our novated leasing calculator to understand how novated leasing could positively impact on your employees take home pay.
Managing your novated lease program
Maxxia's novated leasing program offers a simple payment method. We manage your employees' lease repayments by deducting these funds directly from their salary packaging account, doing away with the need for invoices and reducing your administration time.
Another major benefit of our novated leasing program is that we manage your employees' accounts to minimise your FBT exposure and liaise directly with individual employees in the case of error or shortfall.
Ready to find out more?
- call 1300 728 801
- complete an online enquiry and a Maxxia representative will call you back