Kia Rio Car Review: Built to last

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Are you looking for a low-cost option as a second runabout car for the family? Or maybe a first car for your son or daughter?

Look no further, at only 15k, the Kia Rio is the battlers bargain. While the Kia’s price range used to be synonymous with the bare basics, the new Rio gives it’s low-cost rivals something to be worried about. Head into your local Kia Showroom, there is a Kia Rio waiting for you to get behind the wheel.

 

Total Confidence with Kia Rio’s 7 Year Warranty

Before you scoff or spit your tea and coffee across the kitchen table, consider warranty. On a Novated lease, this car on road for an automatic with 7 years warranty is under 15k. Now think about what you would get second hand for 15k? A 3-year-old Corolla, albeit slightly larger, but it will have 60,000kms on the clock or the similar in a Mazda 3. In the hands of a gentle adult who will caress the transmission and make sure the engine doesn’t redline, this car will last a number of years. However, put your 18-year-old son in the driver’s seat, leaping tall gutters in a single bound, suddenly that 7-year warranty is your saviour.

 

More knee room than you expect

Considering the Rio’s small capacity, the Rio is spirited drive and it’s road handling and manners equal anything coming out of Japan that cost 5-10k more. The boot and seating arrangement will easily take to fully grown adults in the passenger and driver seats and a few small children in the back.

Whilst it might not be the fastest drive or best looker on the market, it is tough and reliable and built to last, otherwise, the manufacturer wouldn’t put an 84-month warranty on it. Just take a second to think about it, what were you doing seven years ago?  Clearly, this car has been designed to last. So, take a peek, maybe even a second look at the Kia Rio, it may just be the next car you buy.

 

Do you want to get a deal on a Kia Rio? Click on one of the buttons below to chekc out our deals or to see your tax savings with our online novated lease calculator. If you would like more information, our staff at SPA are available for you to ask a question on our chat service or simply give us a call on 1300 786 664.

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Hyundai i30 Elite Review: Perfect balance of simplicity, comfort and responsiveness

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Hyundai, pure and simple, I take my hat off to you.

I drove your i30 Elite for 24 hours and almost fell in love. And this from someone who normally only drives a car if it has a minimum of 300hp.

Your car was easy to use, it was well equipped and got the job done. There was no need for a 5 minute Google on how to use the sat nav. All that was involved was for me to plug in the Apple CarPlay and away I went. The simplicity was refreshing.

The i30 has every feature a new first car buyer wants from sat nav to folding electrical mirrors.

It’s on-road handling for a Korean car is immaculate and gives enough feedback to let the driver know there is an issue or poor surface below. A far cry from some of the Japanese built and supplied products, such as the Corolla, which is as vague as Alan Bond on the witness stand.

The boot easily took two suitcases and still had plenty of room for rear passengers who had no need to practice backseat yoga.

With all the latest reports about a dying large sector, it’s easy to see why. The i30 had room, enough get up and go and a price tag that is 15k cheaper than the full-size large sedan which has been going through an ongoing slow death that some manufacturers have been trying to revive and resuscitate for a decade. Carmakers take note, 15k is 15k. This price means less depreciation, less risk, the cost per month on finance is less, and more than likely, better resale value over the life of the car.

Are you in the market for a new car or a second car as the daily driver from work and back? This car won’t disappoint. So much so, that I might just head down for another test drive this weekend!

Click on one of the buttons below to check out our Hyundai i30 deal on our Novated Lease page or the great deals that we have arranged with one of our prime lenders. If you would like more information, our staff at SPA are available for you to ask a question on our chat service or simply give us a call on 1300 786 664.

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Regional & Remote Area Employees: Avoid Payment Summary Shock

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Wow, the year has gone by fast, with only another twenty-four Tuesday’s till Christmas. Apart from the cold weather, the Origin and the lack of motivation to go outside and get moving, there is one thing on everybody’s radar, Tax time. And therefore, with this comes Payment Summary Shock, or PSS, as it’s known in accountant circles. Symptoms usually seen or associated with this conundrum are bewilderment, the occasional piece of blue language and ultimately, frustration.

Most people take their Payment Summary into the accountant to file a return and are often met with the accountant shaking their head and being told that there is nothing they can do about the hideous amount of tax they have just donated to Scott Morrison and Uncle Malcolm.

Strangely enough, there is something you can do to change this and this time of year can be a great time to motivate yourself. Don’t let Payment Summary Shock strike again, find out about the various tax saving benefits that employees all over the country could utilise to reduce the amount of income tax you pay. The type of benefits that could be available to you is dependent of the industry you work in and your employer but that is where we, a full-service Salary Package provider, come in to help you through the process.

Are you taking advantage of the extra incentives on offer by working in regional Australia?

You may have the ability to pay your housing and electricity costs in your gross income and, therefore, potentially reduce your taxable income.

Have you had to move location for your work?

You could potentially save on all the selling costs of your home, including the pesky real estate commission, and get up to 12 months rent tax-free.

Did you live away from home during the year for work? Did you claim all of your living costs and rent tax-free? Did you use your own car to get to the mine site camp, or worse, paid for your own flights out of your own pocket?

These are just some of the ways that can help you avoid the dreaded PSS. You have missed out on potentially thousands of dollars that could have been unlocked and instead used for better things, like your family or your next holiday. That’s right, there is no gimmick here, no shonky investment loan schemes. These are genuine ways to save on items that you are already paying for, you’re just missing out on the opportunity to maximise your take-home pay. All that can change today.

 

Our staff at SPA help you sensibly and legally minimise your tax so you don’t pay more than you should. To find out your potential benefits click on one of the savings calculators, ask a question on our chat service or give us a call on 1300 786 664 and find out how you can stop donating money to those who don’t understand how hard it is to make in the real world. Best of all, you may even significantly reduce your Payment Summary Shock next financial year.

 

Calculate Your Rent/Mortgage Savings       Calculate Exempt Benefit Savings

 

Can YOU get the best deal at End Of Financial Year sale time?

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It’s almost June and all the car dealers and manufacturers are out spruiking their wares and dangling incentives to get you into the showroom.

But are you able to get the best deal when you’re up against a seasoned car salesman?

with can you get the best deal when you the is it really the best time of year to buy that new car or is it all just hype?

As an industry insider with access to all the info, we know it can also be a time when car dealers rub their hands together and try to shake down the average punter for everything they’re worth. Yes, you are more likely to get a better deal during this time as car dealers are frantically trying to meet yearly sales targets and clear outdated stock but really, do you stand a chance against a seasoned car salesman to get the best possible deal?

Let’s take David as an example:
He is 32 years old, he bought his first car at 18 and now he’s onto his 5th car. The second child is on the way and he needs a bigger car. David’s first new car was at the age of 28 after that first big promotion and now it’s time to update it so he can fit the whole family. In theory, David has done the driveway dance with other unskilled negotiators for his first few cars and a fifth time if you include the house he bought last year, but don’t get me started on that industry!

The new car salesman at the dealership, Terry, is 52 and as per most typical salespeople, he has a bad haircut, a little too much aftershave and is slightly condescending. Realistically, Terry has probably sold on average 15 cars per month for the last ten odd years, which is approximately 1800 over his career.

What chance does David have against Terry of truly getting the best deal? Zip, buckley’s, nada or none is the correct answer. It could be compared to the QLD origin team playing a local park footy team and losing. Even without Cam, JT and Cooper, the locals wouldn’t stand a chance.

There are some genuinely great people in the motor industry, but as always, they are out to do a job and get a cheque. Sometimes it makes sense to hand some of life’s tasks over to a professional. You wouldn’t do your own electrical work in your house unless you were qualified, so why the hell would you look at spending 30, 50 or even 80k at a dealership without enlisting a professional.

If it could save you a few hundred or thousand, 10 minutes and a second opinion is well worth the investment.

 

If the idea of going head to head with the dealers is daunting and you’re ready to get a great deal, call Salary Packaging Australia on 1300 786 664 and we can do the hard work for you. Our team of Novated Leasing experts are available to answer any questions about your choice of vehicle and how to keep more money in your wallet.

Do I have to work in government to take up a Novated lease?

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A common question we get at SPA is “Do I have to work in government to take up a Novated lease?” We want take a moment to clear up this misconception.

Novated leasing has been favoured by many levels of government for the last 15 years. But unbeknownst to many people, all companies can set up novated leasing for their staff. Many in payroll find the task daunting when trying to run the program internally, due to remembering to pay a staff members rego or re-imbursement of fuel receipts etc. Most payroll officers simply don’t have time for a cup of tea let alone another 5 hours of work every week.

SPA is an outsourced fleet management and accounting service for your employees. In layman’s terms, your payroll team only need to follow up a few basic steps and SPA can do the rest. The steps are:

1.      Payroll will set up deductions for each payroll cycle.
2.      SPA sends a deduction request sheet
3.      Payroll send deduction amounts to accounts payable who then sends funds to SPA
4.      SPA takes care of everything else!

Only 4 steps to step up novated leasing for your staff – it’s as simple as that! If your payroll team can’t fulfil these sorts of tasks, it might be time to look for a new payroll officer.

There is nothing tricky, hidden or secretive. All the reporting and spreadsheets are done for you. It is really that easy.

Most employers should be able set up and run this for their staff, whether you are in mining, education, financial service or hospitality industries. These are simple items and do not take a great deal or effort per pay cycle and can even be set up as an automated deduction at the employer’s request to make it even less time consuming.

So, ask your yourself. Is your employer doing the best for you?

 

In the meantime, you can get an instant online quote and see our current vehicle deals by clicking the button below. If you have any questions about novated leasing, talk to the team at SPA by calling 1300 786 664 .

 

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WIN State Of Origin Game 3 Tickets with Salary Packaging Australia

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Why watch game 3 on TV at home when you can win a STATE OF ORIGIN Game 3 package and be a part of the action at Brisbane’s Suncorp Stadium on 11th July, 2018. All you have to do to go into the draw is submit a quote request via phone, email or in person for any SPA provided benefit and if you are a QLD resident, you could win!!

This STATE OF ORIGIN prize package includes:

  • Two Platinum Tickets to State of Origin Game 3 in Brisbane
  • Return Flights to Brisbane*
  • 1 Night accommodation at Rydges Southbank
  • Limo transfer from Brisbane Airport to the hotel
  • $300 spending money

QLDers look after QLDers!! The team at SPA has your back, helping you save and pay less per week. Don’t send your money South of the border, get a novated lease from a local, Brisbane based company. Get your quote now to be in the running for this great STATE OF ORIGIN package.

 

SUBMIT MY QUOTE TO WIN

 

Competition runs from 4/5/2018 at 8am until 22/6/2018 at 2pm (AESDT). To enter the competition, a participant must submit a valid quote request via phone, email or in person for any SPA provided benefit and provide legitimate contact details, including name, phone and email. This competition is only eligible to QLD residents. The prize winner will be drawn by random selection by the General Manager of SPA at 3pm on 22nd June 2018. The prizes include 2 x platinum tickets to State of Origin Game 3, 1 night accommodation at Rydges South Bank, return flights within Queensland* (if flights are not required, SPA will negotiate an additional prize), limo transfer to and from the airport and $300 spending money. SPA appreciates the importance of confidentiality and the individual’s right to privacy. We are committed to protecting one’s personal information in accordance with the National Privacy Principles. For further information regarding our policy visit https://salpacaus.com.au/privacy/.

Salary Packaging Australia Pty Ltd ABN 53 009 643 485 Credit Representative 480205 is authorised under Australian Credit Licence 389328.

Salary package your bus fare for travel to and from work

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Have you ever wondered why we have to pay to get ourselves to work? That extra $90-100 per week is an absolute killer. But did you know that you can Salary Package your bus fare that gets you to and from work?

With SPA’s bus travel benefit, you can pay for your bus fare using your pre-tax gross income.

It works just like a go card and is loaded up with cash using pre-tax dollars from your salary. The Bus Travel Benefit has no limit to the amount you can salary package, as long as the journey is to and from your work and the card is automatically topped up, again, with pre-tax dollars, to help you stretch your salary that much further.

Here’s an example:

Sally makes approximately $85,000 a year and pays bus fares of around $39.00 a week travelling between her home at Chermside and work in Brisbane CBD. Using the SPA bus travel benefit, she can save almost $25.00 a week, which is $1,300 a year! Imagine what you could do with that money. Sally could put that $25.00 a week to her coffee budget, Christmas presents, or it could go towards the power bills. Over the course of 3 years, Sally could be $3,900 richer!

So, while you’re on that dreaded bus ride to and from work, think about how much you save and I promise your ride will be much more enjoyable.

 

The bus travel benefit is eligible to any employee whose employer offers this benefit to them. Talk to SPA to find out if you are eligible for the Bus Travel Benefit card. To calculate what your savings will be when salary packaging your bus fare, click the button below to use our online calculator.

 

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Lost the company car and need a novated lease for work?

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SPA gets close to one hundred enquiries every month from staff members and employees who are leaving the company car behind and taking allowances instead.

The big change that has pushed the death of the company car over the edge has been the change in tax legislation that requires operating leases to be placed on balance sheets. This has forced most CFO’s, and HR managers to rethink the way that they use the company car and to what level.

Many organisations have moved towards a car allowance program allowing the employee to take advantage of an extra payment back to the salary instead of using the work supplied vehicle. This all of a sudden has thrown some questions into the market, so, we are here to debunk them.

 

Your company has just announced you’re losing your company car.

Firstly, don’t panic, most employers will give an employee suitable notice to change over. Don’t rush out the first weekend and buy the first car that you drive. Make an assessment of what you require in the car, what it’s primary function will be, will it be suitable for the role and will it do the job safely. Remember, there is no point buying a Mazda MX5 convertible if you need to take sample products with you that won’t fit in the boot.

Vehicle Expenses: How much are the running costs?

Gauge what it costs to run your current car. How much will it cost to register and insure? How many services will it need? How much driving do you currently do? These are all great questions to ask yourself when considering a new vehicle that will be used for work. Some preparation will allow you to assess if the allowance you have been offered is fair and reasonable or if your boss really is related to Scrooge McDuck as you have always suspected.

Evaluate the current car you’re using.

So, what are you driving at the moment, a Camry or Hyundai i30? More than likely your employer is looking for and has budgeted on a like-for-like scenario. They won’t be budgeting on you driving around in a brand new Landcruiser Sahara when you just hopped out of a Honda Jazz.

If you are unsure, get your employer to speak to an expert.

A few people are generally involved in making this decision. Normally, HR and your finance manager. Get them to give us a call to ensure they have run through the whole of life situations and understand what this means to you.

 

SPA can easily put together quotations to show the difference between your current salary and what the current out of pocket expenses are, if any. Many employees choose to update their current car and the generous tax discounts that come into play and then transfer the vehicle over to become the family vehicle at a heavily reduced purchase price that has been paid for by your employer before the government would have normally taken their slice.

 

Talk to the team at SPA by calling 1300 786 664 and we can help you through the novated lease process and find the correct vehicle that fits both your business and personal needs. Click one of the buttons below to get an instant online quote or see our current vehicle deals.

 

INSTANT SAVINGS CALCULATOR       CURRENT VEHICLE DEALS

What is the Salary Packaging Living Expenses Card and how can it be used so you can save?

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The Salary Packaging Living Expenses Card is the easiest way to spend your living expenses. SPA and MyCardPlus have teamed up to provide employees with a simple and easy way to pay for your living expenses. This way, you don’t have to provide receipts or proof of purchase as they are easily tracked using the card.

With the Salary Packaging Living Expenses Card, you may be able to package up to $9,010 of your gross annual salary for everyday items, such as bills, groceries, clothing, private travel and many more.

Many of us have different accounts for certain expenses such as rent or mortgage payments, bills, fun expenses and savings. Having the MyCardPlus card, this will eliminate most of those accounts, as well as doing so with your pre-tax salary. The amount that you and your salary packaging advisor agree on will be loaded onto the card and can be used the same as a debit card. It even has PayWave!

Are you interested in getting a Salary Packaging Living Expenses Card or transitioning your existing one? The team at SPA we make the process simple for you, you can use our instant savings calculator to find out how much tax you can save and spend smart.

START YOUR ONLINE APPLICATION       INSTANT SAVINGS CALCULATOR

 

Salary Packaging Living Expenses Card Frequently Asked Questions

To give you a little more information about the Salary Packaging Living Expenses Card we have put together some FAQs to help you through the process.

What is a Salary Packaging Living Expenses Card?

MyCardPlus is a living expenses card that SPA has partnered with which allows employees to easily pay for various items under their applicable Fringe Benefits Tax cap. This is used similarly to a normal debit card but using pre-tax dollars! This is a simple and easy way for employees to pay for their salary packaged items.

 

What are considered living expenses?

Living expenses are everyday expenses that are incurred by you or your family such as electricity and phone bills, council rates, groceries, household expenses, clothing and shoes, and private travel (domestic and overseas).

 

How do I make payments from my Salary Packaging Expenses Card?

You can use your card with Visa PayWave, or insert the chip and pay using your PIN. You can also use it when paying third parties and to do so, simply use your 16 digit card number to make the transaction.

NB: No other funds can be transferred to your salary packaging cards, other than those predetermined and agreed upon by your Salary Packaging Administrator and your payroll officers.

 

Does my balance need to be zero at the end of the FBT year?

It is recommended that you have zero balance at the end of the FBT year (March 31). This means that you are eligible to salary package the full benefit amount in the following year. Please contact SPA for further details. MyCardPlus can also assist you in spending remaining funds on your card.

 

How do I check my balance?

You can access your general living expenses by accessing internet banking.

 

Can I order additional cards?

Yes, you may request up to two additional cards for family members. The additional card transactions will be included in your overall annual purchases. Please contact SPA to request the additional cards.

 

What will happen when/if I leave my job?

From the date of your termination, you will have a certain period of days to spend the funds on your card.

Don’t wait to start spending wisely. Apply today.

 

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Thinking of buying a Mitsubishi ASX LS?

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When reviewing small SUVs, I must admit I have been known to turn up my nose and give them a pretty bad review. Well, there is a first time for everything, and this time it’s the Mitsubishi ASX LS.

To put it simply, this car rocks it with the big boys.

It has dollar for dollar features and is about $3000-$4000 cheaper than its brethren. Over a 2 day period, I put approximately 300kms on the odometer in this car’s home territory, the inner city suburban landscape. Make no mistake, this car won’t take you to Bourke and back on unsealed roads and bush tracks, but it’ll navigate car park shopping centres with ease.
It’s simple to drive and actually has road feeling, so when you feel the bumps in the road and turn the steering wheel, it responds. It doesn’t feel like the typical mid 20K new car that lollipops all over the road and has the behaviour of a dog on a wet Lino floor.

Who should buy an ASX LS?

First-time new car buyers and those wanting a second family car. You will never be able to pack half of what’s needed for a family road trip but you’ll be able to use this as a versatile run around car that is able to seat four adults comfortably and a suitcase or two.

It’s easy to drive, packed full of everything you need, and has mod cons without blowing the budget.

What more could you want? If the answer is nothing more and you’re interested in buying this low-maintenance, worry-free SUV then contact the team at SPA. Click the button below and you can be in the driver’s seat in no time.

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