Salary Packaging Australia, Australia’s trusted Salary Packaging company, can help you save thousands on the purchase of your new car!
We offer a range of finance solutions, including Novated Leases on motor vehicles, that can not only save you money but also help reduce your tax liabilities.
WHAT IS A NOVATED LEASE?Salary Packaging Australia has a new and used car dealer network that means you will get exceptional service in sourcing your car, as well as huge price discounts on vehicle purchases.
FROM $132 PER WEEK
Volkswagen Golf 92 TSI Manual
14,000KMS 5 YEARS
PRICE INC. ALL RUNNING COSTS
FROM $219 PER WEEK
Hyundai Santa Fe Active Diesel Auto
14,000KMS 5 YEARS
PRICE INC. ALL RUNNING COSTS
FROM $129 PER WEEK
Kia Cerato S Auto
14,000KMS 5 YEARS
PRICE INC. ALL RUNNING COSTS
FROM $295 PER WEEK
Toyota Prado GXL Manual
14,000KMS 5 YEARS
PRICE INC. ALL RUNNING COSTS
Choose a car
Get an Instant Quote
Let Us Take Care of The Rest
Enjoy Saving Money
Put simply, a novated lease is a financial agreement between you (the employee), your employer and the company lending you the money to finance your car purchase. You borrow money from the finance company to purchase your car, and your employer arranges to have your regular lease repayments deducted directly from your salary (this is known as salary sacrificing). These deductions are made from your salary before tax is calculated, thus reducing your taxable income and saving you money. You pay less tax!
No, you do not need to be using your car for business purposes to save tax under a novated lease arrangement. The car is your personal vehicle and is registered in your name.
The main advantage of a novated lease is the potential tax savings employees can make under a novated lease arrangement. These saving will be different for everybody and we urge you to contact our experienced team to discuss your options.
Yes. You do not have to purchase a brand new car in order to enjoy the advantages offered by a novated lease agreement. Some restrictions will apply to the purchase of a used vehicle. Our team will be able to assist you when you are ready.
If you leave your workplace before the lease has expired, simply contact us and we can help set you up a new agreement with your new employer.
The choice is yours! There are generally very few restrictions on the type of car you can package. At SPA we have built relationships with dealers across Australia to get you the best deal on your new car purchase.
Yes, of course. Because the car is yours and registered in your name, who you let drive your car is your decision.
To get an indication of your potential savings, you can use our online calculator. However, to gain a better understanding of the potential savings you can make, contact our friendly SPA team for an obligation free consultation.
Call SPA on 1300 786 664 and our helpful team will be able to assist you in offering the benefits of salary packaging to your staff. We also have an employer section on our website to give you some general information on how salary packaging works for employers.
Contact us immediately on 1300 786 664 we will cancel your old card and reissue you with a new one.
SPA explains the employer’s process
Employer signs off on agreement
SPA takes care of the rest (reports, reconciliation etc.)
Happy Staff = Staff Retention
One staff member. SPA provides a service to all employers. We have clients with two staff, up to clients with 25,000+.
In all cases to date outsourcing your salary packaging to SPA or engaging SPA to provide a new salary packaging service has never resulted in extra work, in fact in a majority of cases SPA have saved valuable resources in both the HR and accounts departments by simply removing staff enquiries. A majority of the resources savings is in the removal of all supplier payments (Fuel, regos, insurance, servicing, leases etc.), staff reimbursements and of course FBT and GST reporting. SPA will provide you with a dedicated BRM (Business Relationship Manager) who will be on site when required and always contactable to answer any questions.
Our service comes at absolutely no cost to the employer. SPA charges the employees as they use the service. These fees are clearly printed on each salary package contract and form part of the salary package deductions. In other words the employee will pay SPA an administration fee with pre tax dollars.
FBT, or fringe benefits tax, is a Federal government tax on employee benefits that don’t form part of their salary (e.g. work vehicle). FBT is calculated each year based on the period from 1 April to 31 March. Employers pay the FBT and then usually charge it back to the employee as an additional pre-tax payment.
SPA requires a MOU or Memorandum of Understanding. This document clearly and simply states the services we are required to provide to the employer and employees, the requirements on the employers and the requirements on the employees.
