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? Is EOFY 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to get a better deal during this time as car dealers are frantically trying to meet yearly sales targets and clear outdated stock but really, do you stand a chance against a seasoned car salesman to get the best possible deal?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…

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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…

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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…

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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…

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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…

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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…

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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…

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Can I get a novated lease on two vehicles?

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One of the most common questions that we get asked by clients is, ‘can I have two car leases running concurrently?’ The answer is simple, yes. You can also novate a car for your wife/husband/spouse or children. Now, every employer is different and some have rules about whether you can have two or more leases or the cylinder requirements of the vehicle, however, the majority of employers allow multiple leases. The process is the same regardless of the number of vehicles you lease. You find the right make, model and colour and then work out the car’s usage and term of the lease but this is what your Novated Account Manager is here to help you with. From finding the best deal on the car, looking through our panel of lenders, working out how much fuel the shiny new V8 Mustang could use. So, why have two novated leases? You have…

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Toyota Hilux continues to be Australia’s best-selling vehicle.

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After taking the title in 2016 for Australia’s best-selling vehicle, the Toyota Hilux has done it again and continues to hold the title for 2017. According to the Federal Chamber of Automotive Industries (FCAI), in December alone the Toyota Hilux topped the market at 3949 sales, followed by the Holden Astra (3533), the Ford Ranger (3458), the Holden Colorado (3222) and then the Mazda3 (2807). Not only have Hilux 4X4 sales increased by 13.6 percent when compared with 2016 but overall vehicle sales for 2017 that amounted to 1,189,116 units, meant a 0.9 percent sales increase. Another record year for overall vehicle sales. Despite economic warnings, this sales boom is expected to continue in 2018, as predicted by the FCAI, due to economic growth, low-interest rates, and competition. Now the question is, will Australia continue to shun traditional sedans and hatchbacks in favour of utes and SUVs? And with the…

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What is the Meal and Entertainment Card and how can this benefit be used?

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If you work for a not-for-profit employer or the Northern Territory Public Health Service, you may be eligible to salary package $2,650 per year by using the meal and entertainment benefit on meals, entertainment, and even accommodation. We interviewed our General Manager, John Heinke to give you more information about this benefit.   What is a Meal and Entertainment Card? Meal and Entertainment cards are a type of Australian tax office salary packaging available to employers who work for the NT public health service or those who qualify as not-for-profit (an entity set up for the benefit of members) e.g. a trade union or a public Benevolent Institution (charity for tax purposes) e.g. Royal flying doctor service. The meal entertainment card allows employees to expense food and drink, entertainment, holiday accommodation, and even venue hire while using pre-tax dollars.   How much can an employee save each fortnight or each…

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