Retain Top Talent With Novated Leasing
Attract and retain top talent without increasing your business costs by offering novated leasing to your employees.
🚀 Money-saving, game-changing benefits 🥰
Access the secret to how Australians are instantly saving up to $30,000 on an EV
How Novated Leasing Can Benefit Employers
Are you an employer looking to enhance your employee compensation package without increasing your business costs? Novated leasing is the solution that can benefit both you and your team.
Here’s why novated leasing can be advantageous for your business →
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Novated leasing is a highly sought-after benefit that can set you apart as an employer of choice. Not only does it help you attract skilled professionals, but it also retains your existing talent by offering them a valuable financial perk.
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Novated leasing is flexible. Your employees can choose the vehicles that suit their needs and preferences, from fuel-efficient cars to electric vehicles or even luxury models. This flexibility ensures the benefit is appealing to a wide range of employees.
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Novated leasing doesn't cost your business anything. The administration is handled by a third-party provider, and the lease payments are deducted from employees' pre-tax salaries. It's a win-win for both your organisation and your staff.
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When your employees have reliable, cost-effective transportation, they can focus on their job without the stress of vehicle-related expenses. This can lead to improved job performance and productivity.
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Offering novated leasing can give you a competitive edge in your industry. It shows that you're committed to supporting your employees' overall job satisfaction, which can enhance your reputation and performance in the marketplace.
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Novated leases are typically approved within just 4 hours, ensuring that employees can get behind the wheel of their new vehicles quickly, with minimal disruption to their daily lives.
Why Offer Novated Leases?
Offering novated leases to your employees is a strategic decision that enhances job satisfaction, loyalty, and retention. As a valuable addition to your employee compensation package, novated leasing can make your business stand out, helping you attract top talent while strengthening your existing workforce.
By providing this benefit, you demonstrate a commitment to both the financial well-being and the overall satisfaction of your employees, fostering a positive workplace culture and encouraging long-term loyalty.
It’s a win-win for employers looking to support their teams and build a dedicated, stable workforce.
Your Two Easy Obligations as a
Novated Lease Employer
Novated leases from Novated Finance Australia offer a more affordable purchase price and significant tax savings on vehicle purchases and ongoing running costs.
1. Facilitate Salary Packaging
As a novated lease employer, your role is to facilitate the salary packaging arrangement, allowing a portion of your employee’s pre-tax salary to go towards the novated lease. This simple administrative task significantly benefits your business and your employees.
2. Manage and Report
Your second obligation is to manage the novated lease arrangement on an ongoing basis. This includes handling deductions and reporting. Employers must ensure accurate and timely reporting to maintain compliance and ensure the smooth operation of the novated lease for employees.
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How To Set Up Novated Leasing?
A Simple 3-Step Process
1. CONSULTATION
Start by scheduling a consultation with Novated Finance Australia. You'll receive the necessary onboarding documentation during this meeting to begin the process. We’ll guide you through the paperwork and ensure you have everything you need to set up novated leases for your employees.
2. SETUP AND ONBOARDING
Collaborate with us to complete any required paperwork and input the necessary details into your systems. This step ensures all parties are aligned and ready to move forward with novated leasing arrangements for your employees.
3. SELECT DELEGATE OF AUTHORITY
The final step is to select a delegate of authority within your organisation. This person will be responsible for signing the novated leases with employees and will serve as the main point of contact between your organisation and us, ensuring smooth communication and coordination throughout the process.
How To Set Up Novated Leasing?
Setting up novated leasing is surprisingly simple:
1. CONSULTATION
Begin by scheduling a consultation with Novated Finance Australia. During this consultation, you'll receive all the necessary onboarding documentation to kickstart the process. We will guide you through the paperwork and ensure you have everything you need to proceed with setting up novated leases for your employees.
2. SETUP AND ONBOARDING
Work closely with us to complete any required paperwork and input necessary details into your systems. This step ensures that all parties are aligned and ready to move forward with the novated leasing arrangements.
3. SELECT DELEGATE OF AUTHORITY
As the final step, select a delegate of authority or designate a person within your organisation who will be responsible for signing the novated leases with the employees. This individual will act as the point of contact between your organisation and us, ensuring smooth communication and coordination throughout the process.
Unlock the most competitive novated lease deals tailored to your employees’ needs. As a novated lease employer, you can offer flexible and cost-effective options, ensuring your team benefits from the best possible terms while enjoying the perks of salary packaging.
Get the Best Novated Lease Deals
Novated Lease Case Study EV
Attention Employers: Save Thousands for Your Employees with Novated Leasing!
Are you looking for a simple yet impactful way to help your employees save big on their car finance? Novated leasing is the answer! Let's take a closer look at how it works through the story of Kate, a manager in a small accounting firm, and how her employer saved her over $55,000 on her dream car.
Meet Kate: Kate, a manager at a small accounting firm, had her eyes set on the new Kia EV 9. With a salary of $145,000 per year, she was keen to explore her options for purchasing the vehicle. After a chat with her local Kia dealer, Kate was quoted a hefty monthly car loan payment of $2,100.
Discovering the Novated Lease Advantage: Noticing an ad by Novated Finance Australia, Kate was intrigued by the significantly lower monthly payment of $1,076, inclusive of running costs. Curious about the difference, Kate inquired further and learned about the Novated Lease EV FBT exemption. This exemption allowed her to deduct vehicle finance and running costs against her pre-tax salary, eliminating the need to pay FBT. Additionally, the manufacturer had reduced the vehicle price for Novated lease customers to $89,300, falling under the FBT threshold amount.
Taking Action: Excited about the potential savings, Kate decided to proceed with the novated lease. She approached her employer, who completed a simple one-page onboarding form with Novated Finance Australia. Utilizing a provided pay advice, the employer informed payroll of the deduction each month. The setup was completed the same day, with no financial liability to the employer.
The Results: Over the 5-year lease term, Kate's employer saved her over $55,000, making her dream car more affordable than ever before. With Novated Leasing, Kate not only enjoyed significant financial savings but also experienced the convenience of bundled running costs and hassle-free payments.
Ready to Help Your Employees Save?
Government Department? We're Here to Assist You!
If you are from any of the following government departments, we can assist you in offering a novated lease to your employees:
Are you an employer and interested to talk to us about a partnership?
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The Most Popular Cars Being Novated Right Now
From electric wonders benefiting from government incentives to fuel-efficient models designed to cater to your employee’s daily commute needs, all of these vehicles promise an exceptional driving experience.
Have Any Questions?
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A novated lease allows employees to lease a vehicle through salary packaging, reducing their taxable income. Employers can offer this benefit with no added costs, making it a valuable perk. It’s an easy way to provide EV options and enhance employee satisfaction.
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Yes, employees can choose from a wide range of vehicles, including EVs and PHEVs. This flexibility ensures employees get a vehicle that suits their lifestyle. As an employer, you can offer cost-effective solutions through novated leasing.
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Setting up a novated lease is simple: consultation, onboarding, and selecting a delegate. Employers facilitate the process with no financial liability. Novated Finance Australia ensures a smooth setup, making it easy to offer this valuable employee benefit.
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