Novated Lease | Salary Packaging | Salary Sacrifice

now you can save money, no matter how far you drive

Recent government changes make salary packaging a car a great option for
many more employees.

Government changes to the FBT rules. 

The changes announced in the 2011 budget to the
calculation of FBT have now been passed by
parliament.

The reform means that historical statutory rates for
calculating FBT will be replaced with a single rate of 20
percent that applies regardless of the distance
travelled. The changes will be phased in over four
years.

How do these changes affect me?

These changes simplify the salary packaging of your
car.

If you drive from zero km’s up to 24,999 km’s a year you
no longer need to worry about tracking to a kilometre
target.

If you own, use, or are thinking about buying a car you
may be able to generate substantial income tax
and GST savings by salary packaging your car even if you don’t drive to work.

If you drive more than 25,000 km’s a year there will still be significant savings from salary packaging your car compared to paying for all its costs with after tax dollars.

- May 2011 FBT Table


Call nlc now to see how salary packaging a car might work for you.

To find out if a novated lease might work for you simply call nlc on 1800 643 044 or click here to contact an nlc consultant for an obligation free salary packaging consultation.

One of our experienced consultants will explain to you how a novated lease works and determine a budget for all the expenses for running your car.

Your consultant will then calculate the minimum amount of post-tax deductions to ensure there is no FBT to pay and all the rest of the costs of your car are deducted from your pre-tax salary saving you money.

novated lease | salary packaging | salary sacrifice