Posts Tagged ‘novated lease’
Novated Leases Explained
Wrapping a car into a salary package is a popular choice. Doing so by salary sacrifice often raises the topic of novated leases. Is it worth it? WHAT IS A NOVATED LEASE? Simply put, a novated lease is a way for an employee to buy a new or used car and have their employer assist…
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Salary packaging is one way for an organisation to increase the take-home pay of its employees — and if done correctly, at no extra cost to the business but with a tax advantage to the employee. WHAT’S SALARY PACKAGING? Basically, an employee agrees with their employer to forego part of their future salary or wages…
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