You may have heard the term Novated Lease before and wondered what it is? how it works? who can get one? Here’s how you car start saving.
How do I choose a Novated Lease Company? Decided to do a Novated Lease but now you are not sure which Novated Lease company to use?
Fringe Benefits Tax (FBT) is applicable to all vehicles under a novated lease. There are two types of methods for calculating FBT on a motor vehicle,
A Novated lease is a finance method for employees to purchase a car in a tax effective manner through their salary package.
A Novated Lease has become an increasingly popular form of car financing over the last few years in Australia.
Novated Leases are becoming a very popular option of including a car as part of your salary package to help reduce your taxable income.
You may have heard the term Novated Lease before and wondered what it is? how it works? who can get one? Here’s how you car start saving.
Looking to save money by doing a Novated Lease? First you need to be aware of the individual income tax rates for 2010 – 2011
The 2010-11 financial year sees the increase in the Luxury Car Tax (LCT) Threshold (also known as the Car Limit) to $57,466.
Today we’re going to do a few Novated Lease examples on the new 2010 Subaru Forester 2.0D diesel and 2.0D Premium, priced from $35,990 (RRP).
Pricing for the all new Honda Civic Limited Edition 5 speed manual is $24,990 drive away and for the 5 speed automatic is $27,290 drive away.
The Mazda CX7 is not your standard SUV. With striking styling you could say it is one of the best looking soft-roaders in the market.
A novated lease is a unique type of lease available in Australia. It is usually an agreement between three parties; an employee, their employer and a lease company. The employee leases the vehicle from a leasing company and the employer assumes the employee’s obligations regarding the lease. The employer will then deduct money from the [...]
How do I choose a Novated Lease Company? Decided to do a Novated Lease but now you are not sure which Novated Lease company to use?
Fringe Benefits Tax (FBT) is applicable to all vehicles under a novated lease. There are two types of methods for calculating FBT on a motor vehicle,
There are many aspects to a Novated Lease that may be confusing; FBT, GST, employee and employer benefits and the list goes on. Platinum Direct Finance will explain and answer all your Novated Lease questions
Novated Leasing by Fleetcare Below we discuss how a fully managed Novated Lease can help employees. Benefits for you as an employee A Novated Lease lets employees lease the car of their choice with all lease repayments and running costs (ex GST) from their monthly pre-tax salary. Its a three-way agreement between the employee, the [...]
The good news is – yes you can Novate a Motorcycle Motorbikes are obviously not classed as a car under the FBT Act. They are classed as under “vehicle other than a car” and are therefore a residual fringe benefit as opposed to a car fringe benefit. If an employer provides you with a motorbike, [...]