Category Archives: Cars

06 Oct 2015

Novated Lease vs Car Loan

Novated Lease vs Car Loan

  With so many different options, buying a car can be confusing! We’re often asked what the difference is between a novated lease and a traditional car loan, so here’s a novated lease example to show the main comparisons. The example below is based on a 2015 Mazda CX-5 Maxx Sport over a 4 year term:

05 May 2014

Submitting claims, made easy

Submitting claims, made easy

. Good news for our novated lease customers – the Smartsalary app just made it even easier for you to submit your claims! No need for paper forms and sending in receipts – now you can do it all through your phone. Simply: – Complete the expense details in the app – Take a photo of your receipts with your phone camera – Submit your claim – Track the progress of your claim This function is currently available in the iPhone app, the android version is in development and is planned to be released within the next month. What can be claimed? You Read More

09 Sep 2013

Following the federal election this weekend we are pleased to announce that the proposed changes to FBT legislation will not be passed by parliament and novated leases will be unaffected for the foreseeable future. Current Smartleasing customers – your novated lease terms will remain unchanged and you can continue to enjoy tax-free savings on your car and it’s running costs regardless of whether you use it for business or personal use. New customers – if your employer offers novated leasing as a benefit you can salary package a brand new car and save thousands on the car price and running Read More

22 Jul 2013

Government changes to FBT legislation

Government changes to FBT legislation

On 16 July the Federal Government announced a proposed change to FBT (fringe benefits tax) legislation. If passed by parliament, these changes will result in the removal of the tax concession for personal use of a novated lease vehicle.   Is the legislation in place now? No, the changes are simply proposed. The federal opposition does not support these changes and if elected, will not proceed with them. What will happen to my novated lease? If the proposed changes are passed as legislation, the outcome will depend on the start date of your lease. Leases entered before 17 July 2013: Read More