So your boss has decided to give you a novated lease as part of your new salary package, so it’s off to the car yards you go to choose your shiny new car. That’s one of the benefits of getting a new car through a salary sacrifice deal: you get to pick the car, unlike the case with a bog-standard
I Quit! But What Happens With The Novated Lease?
We’ve all heard those horror stories about bosses who sound like they should have pointy tails and horns and be walking around with pitchforks, smelling of brimstone. I could tell you the story about a boss who threw a wobbly when an employee phoned in to say he might not be coming in to work th
Under A Novated Lease, Whose Car Is It Anyway?
If your employer has set up a novated lease, or is thinking about setting up one for you, you’re going to have the chance to drive around in a nice new set of wheels – and we hope that you enjoy doing this. Once all the paperwork is signed and everybody involved in the deal has shaken hands (t
Will Ordering a PHEV by 31st March Still Get You The FBT Exemption Benefit?
Does Paying a Deposit Before 31 March 2025 Secure the FBT Exemption for PHEVs? Not Quite. If you're planning to take advantage of the Fringe Benefits Tax (FBT) exemption for a plug-in hybrid electric vehicle (PHEV) under a novated lease, you need to be
Are There Any Downsides To A Novated Lease?
So your boss has decided that you deserve a little something extra, and she or he is suggesting that a novated lease might be the way to go forward. It certainly sounds like a great idea. You get a nice shiny new car of your choice to drive around and use the way you want to, with no fiddling ab