Better Benefits For Your Staff With Novated Leasing
Clear Lease novated leasing means you can attract and retain top talent for your business, and save on payroll tax while you're at it.
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How does novated leasing work?
Novated leasing involves three parties: your employee, a finance company, and you. It allows your employees to set up an agreement that takes their car finance payments directly from you as the employer, so it comes out of their pre-tax salary.
Whether it’s a new or used car, this allows your staff to bundle their car expenses along with their lease payments. This includes registration and insurance, as well as the cost of fuel, maintenance, tyres and car washing.
GST benefits
As an employer, you can claim the GST on your employees’ lease agreement as credit, which reduces your BAS liability significantly. This also improves cashflow, and gives your employees the financial benefits of a novated lease.
Save on payroll tax
A Clear Lease Novated Lease lowers your employees’ taxable income which means lower payroll tax liability for your business. The more employees who salary package their cars, the greater your potential savings.
Clear reporting
Through our online portal, you and your employees will have access to up-to-date Fringe Benefit Tax reporting, individual driver statements as well as fuel and other running costs reports. We also ensure there’s no cost to set up or hidden fees
Risk free
Both the finance and the vehicle are in the employee’s name, so your business takes zero risk. If an employee decides to leave your company, we’ll reconcile their account and your novation agreement with us ends the day they leave.
A dedicated finance expert
You’ll be assigned a dedicated relationship manager who will learn and understand your internal policies and they will follow through with each employee’s novated lease along with our Novated consultants. Our team are with you every step of the way.
Employee info session
Our team of experts can liaise with your company to arrange information sessions on novated leasing for your employees, free-of-charge, and obligation free. We also provide ongoing support throughout the lifetime of your employees’ lease.