Australia’s best vehicle salary packaging solution!

Understanding how Novated Lease FBT is calculated is important because it plays a key role in lowering your taxable income. Your salary packaging company will handle the calculations to ensure you benefit financially, but having a basic understanding of FBT helps you see how this arrangement can reduce your tax burden and maximise your savings and therefore getting a … Continued

The Australian Government has announced important changes to Fringe Benefits Tax (FBT) exemptions for plug-in hybrid electric vehicles (PHEVs), which could significantly impact novated leases. From 1 April 2025, PHEVs will no longer be eligible for the FBT exemption under the Electric Car Discount scheme. However, there are still ways to take advantage of the current benefits if you act … Continued

All Novated Leases are required to have a residual value at the end of term. Many people still refer to residual values as balloon payments. The payment is designed so that the asset is not paid off completely in line with the vehicle’s depreciation schedule. The value is known at the start of the lease … Continued

Navigating the end of a Novated Lease can be confusing, but with Positive Salary Packaging, you can have peace of mind. Our expert team will guide you through the process, explaining your options and helping you make the best decision for your unique situation. Whether you choose to buy the vehicle, trade it in, or … Continued

Your next lease may be electric! Electric Vehicles, EVs, battery vehicles, undoubtedly you have heard about them. Though you probably haven’t actually heard them in person due to the lack of an internal combustion engine. Electric cars are finally coming into the limelight, and more people are buying them than ever before. If you’re in the … Continued

Using a Novated Lease on your used car can help save Australian employees thousands of dollars in the long run. If you have any doubts about whether you can use a Novated Lease to finance your next used car, here’s the lowdown on this innovative form of financing. What is a Novated Lease? A Novated … Continued

At Positive Salary Packaging, we often get asked by clients about what items can be included in their novated lease to help maximise their tax benefits. One of the key benefits of the novation is the budgeting component that helps remove large expenditures on the anniversary of your vehicle purchase. The cycle of having an … Continued

Changing jobs can bring about numerous considerations, and if you currently have a novated lease, it’s important to understand how it may be affected. Let’s talk about the implications of changing employers on your novated lease and provide valuable insights to help you navigate this transition smoothly. The Impact of Changing Employers on Your Novated … Continued

Key Points: The Tesla Model Y is an all-electric compact SUV that stands out with its impressive performance, advanced technology, and spacious interior. Here are some essential aspects of this vehicle: Highlights: Considerations: Specifications: Model Y RWD: Model Y Long Range: How much does the Tesla Model Y Long Range cost? The Tesla Model Y … Continued

Luxury cars, often associated with elegance and style, can introduce financial complexities, especially when integrated into novated finance leases. To give you clarity on this, we explore insights into the treatment of luxury cars under novated leases and the importance of the luxury car adjustment (LCA) sometimes known as luxury car charge (LCC). Let’s start … Continued