streetfleet novated leasing guide

Size: px
Start display at page:

Download "streetfleet novated leasing guide"

Transcription

1 streetfleet novated leasing guide Drive your business further

2

3 Contents About this guide 1 What is a novated lease? 2 Novated finance lease 2 Novated operating lease 3 Lease inclusions 4 Service and maintenance 4 Replacement tyres 4 Fuel 4 Registration renewals 4 Insurances 4 No driver payments 4 Novated lease advantages 5 Income tax and fringe benefits tax (fbt) 5 Fringe benefits tax management 5 Employee contribution method (ecm) 6 GST 6 Vehicle purchase price savings 6 Negotiated parts and labour rates 6 Fuel cards 6 Insurance 7 Vehicle choice 7 Choice of salary sacrifice amount & multiple vehicles 7 Fleet management consultant 7 24/7 Online system 7 Employers with tax concessions 8 Novated lease analysis example 9-10 Getting started 11 Frequently asked questions 12-15

4 About About this guide This guide has been compiled to help both employers and employees better understand Street Fleet s Novated Vehicle Lease packages. As novated leases are based on the circumstances of the individual employee there are implications for each novated lease driver. This guide is not intended to be advice and does not take into account the employee s personal circumstances; and we recommend that anyone considering a novated lease seek independent financial advice. About Street Fleet Street Fleet is an Australian owned and operated vehicle management company that provides organisations with vehicle management solutions. Our business is unique in that we offer a full range of services from financing to purchasing and managing motor vehicles. We are part of the Smith Motor Group of Companies based in South Australia which has a number of vehicle industry associated businesses across Australia and employs around 500 people nationwide. We focus on providing our customers with up to date vehicle information and guidance and the highest levels of customer service possible while working closely with each client to ensure that your requirements are achieved. Look for this symbol throughout the guide for useful tips! We operate autonomously of any motor vehicle dealer, manufacturer or financier, enabling us to impartially negotiate and manage your finance and motor vehicle fleet requirements so as to offer a diverse range of products and services to suit your business and personal needs. 1

5 What is a novated lease? The principle of a novated lease is that an employee can enter into a lease for a vehicle and, as part of the salary package, transfers (novate) their lease obligations to their employer, who makes the lease payments on the employee s behalf. This is done by both parties signing a novated lease agreement. The employer then deducts the lease payments from the employee s pre-tax salary for as long as they remain employed with them. Making lease payments pre-tax can have considerable tax saving advantages, as an individual s taxable income is lowered by the amount of the lease repayments. Types of leases There are two different types of leases which can be novated: finance lease and operating lease. obligation (ie we pay for all the scheduled servicing irrespective of cost alterations over the term). Under a budgeted lease, these maintenance provision amounts are disclosed and regularly reconciled with actual expenditure. If the amount spent is less than budgeted this will be refunded at the lease s completion; if the actuals are higher than budgeted then you will need to pay the shortfall. With a finance lease, the Lessor (Street Fleet) finances the car of your choice over a lease term between 1-5 years. During the lease term, the car is depreciated down to a residual value (RV). The Australian tax office (ATO)has published guidelines for minimum residual value percentages of the vehicle cost price for finance leases, these are shown on the table below: Novated Finance Lease Novated finance lease can either be a fully maintained or a budgeted lease. The difference is that under a fully maintained lease you simply pay the monthly lease payment and Street Fleet carries the maintenance At the end of the lease term, you (the Lessee) can make an offer to purchase the vehicle at the RV value: Lease Term (Years) Minimum RV%

6 W Novated operating lease With an operating lease, the Lessor (Street Fleet) finances the car of your choice over a lease term between 1 and 5 years. Under this type of lease, Street Fleet carries the residual value risk and the RV is not disclosed as it would be under a finance lease. There is no option to buy the vehicle at the lease s completion, however it is generally offered to the marketplace for sale at this time and you may make an offer. This can be a good option if you would like to avoid a residual value payment at the end of the lease and would simply like to hand the vehicle back to Street Fleet. An operating lease car is always fully maintained. Operating lease: you hand the car back a the end Finance lease: you can pay the balloon and own the car Both types of leases can have the inclusions detailed in the next section. 3

7 Lease inclusions Lease inclusions All vehicle running costs can also be included in the lease rental and paid with pre-tax income. You can include: Service and maintenance Replacement tyres Fuel Registration renewals Insurances Service and maintenance based on the manufacturer s published requirements, Street Fleet calculates the service and maintenance requirements to cover the kilometres to be travelled over the lease term. This cost is then included in the lease rental. When a driver books in for a service with a service centre, they will contact Street Fleet for the service authorization and, on completion, the supplier forwards the invoice to Street Fleet for payment. Replacement tyres based on the vehicle type, usage environment and kilometres to be travelled, an estimate is made as to how many replacement tyres will be required over the lease term. When replacement tyres are required, the driver goes to their preferred tyre supplier who calls Street Fleet prior to fitting any tyres for pre-authorisation. At this time wholesale pricing is applied with the invoice being sent to Street Fleet for payment. Fuel based on the vehicle type, usage environment and kilometres to be travelled, an estimate is made regarding the amount of fuel required for the lease term based on the fuel cost of the day. The driver is then issued with a Motorpass fuel card which can be used to purchase all brands of fuel. The monthly fuel invoice is sent to Street Fleet for payment from the lessee s package. This is a budgeted provision ie: actual and budgeted expenses for fuel are regularly reconciled and charged back or refunded where required. Registration renewals the cost of the required registration renewals for the lease period (based on the cost of the day) is included in the lease rental. Registration papers will be registered with Street Fleet s postal address and we will pay the re-registration costs out of your lease s provisions. Insurances Comprehensive insurance can be based on either Street Fleet or driver arranged insurance and is included in the lease rental. The annual renewal process is as per the registration renewal process. We can also include other insurances to manage both vehicle and finance risk, such as: Extended Warranty, GAP Insurance, Payment Protection and Walkaway/Loan termination insurance. No driver payments there should be no reason for the driver to pay for any vehicle related expenses using tax-paid income. If for some unforeseen reason this is the case, these payments can be shifted to pre-tax income by claiming reimbursement from Street Fleet. Including all running costs in your novated lease further reduces your taxable income 4

8 Novated lease advantages The following are some of the reasons why a novated lease can be a cost effective way of financing and running your vehicle: Income Tax and Fringe Benefits Tax (FBT) Under a novated lease, your employer pays your lease payments from your pre-tax income which has the effect of lowering your taxable income and, in turn, your tax. Under a novated lease you are effectively not paying income tax on the amount of your lease payments being paid out of your pre-tax salary. Novated leases attract fringe benefit tax (FBT) with this included in the novated lease salary package. Fringe Benefits Tax management There are two methods of calculating FBT and the statutory formula method is most commonly used with novated leases. This method makes no distinction between business and private use of the vehicle, eliminating the need to keep a logbook to monitor business usage. Using this method, a statutory rate is charged depending on the number of kilometres travelled during the FBT year. The percentage is applied to the vehicles base value (purchase price) and varies depending on vehicle usage. Under the new FBT rates introduced in 2011, a flat rate of 20% will be phased in over the next few years. A benefit arises when there is less FBT payable than income tax that would have been payable were there no salary sacrifice. The rate of FBT is determined on a sliding scale as shown on the below table: The FBT year is 1st April 31st March From May 2011 From April 2012 From April 2013 From April ,000 km ,000 25,000 km ,000 40,000 km More than 40,000 km

9 Novated lease advantages Employee contribution method (ECM) Any after tax payments by the driver towards the running of their novated lease vehicle reduces the FBT by the same amount. To maximise this advantage, an amount equal to the FBT is taken from the driver s salary post-tax and paid to the running cost provisions with this negating the FBT cost. With each novated lease quote, we supply a vehicle salary package analysis which shows the potential benefit of purchasing and running a vehicle via salary packaging a novated lease and novated lease using ECM, and using normal tax-paid income. GST GST is payable on the purchase price of a vehicle as well as most vehicle related expenses. Street Fleet is entitled to claim an input tax credit up to the depreciation limit of the vehicle. Your lease payments are calculated on the vehicle purchase price less the GST which Street Fleet is entitled to claim as an input tax credit. In addition, most employers are entitled to claim input tax credits for the GST on the lease payments and other vehicle related expenses. Vehicle purchase price savings Street Fleet is able to provide a vehicle purchase service. preferential access to limited stock vehicles. Preferential treatment and discounts can also apply to accessories. Vehicle recommendations Street Fleet is nonaligned to any vehicle brand(s) and has considerable vehicle knowledge gained over many years. This allows us to be objective when making recommendations regarding vehicles their drivability, performance, reliability, etc. Negotiated parts and labour rates Street Fleet offers you access to superior discounts across a range of goods and services including vehicle servicing, maintenance, tyres, batteries and windscreens. We don t just pay vehicle related expenses; we control them by preauthorising maintenance and repair work and reducing the risk of over servicing. Fuel cards Street Fleet does not dictate which fuel card you must use and can accomodate any fuel card provider you may currently use. If you do not have an existing provider, our preferred supplier is Motorpass/Motorcharge whose card is accepted throughout Australia. Street Fleet purchases vehicles regularly totaling many hundreds per annum with this volume providing efficiencies of process, pricing and preferential access to vehicle stock. Advantages include: Minimal involvement - if you do not want to do the rounds of the dealers you can advise us of your vehicle preference(s) and we will do the leg work for you. Not Take a look at the novated lease analysis example on page 10 of this guide to see how ECM and GST affects a novated lease only can we save your time and energy, we can save you money. Due to our purchase volume leveraging, we can get higher discounts with lower delivery fees etc. and also 6

10 Novated lease advantages Insurance We have an extensive array of insurance products available to help you mitigate any vehicle or finance risk, including: Full comprehensive, Extended Warranty, Walkaway/Loan termination, Payment Protection, GAP Insurance and Optional Extras. Speak with one of our consultants for more information on how these policies can give you total peace of mind. Fleet management consultant You will have a dedicated fleet consultant who will manage your account from acquisition to disposal. 24/7 online system Our online management system allows drivers to access details on their lease (and employers on their entire fleet) 24 hours a day 7 days per week. This includes full FBT reporting amongst many others. Vehicle choice Subject to any of your employer s policies and credit application, you can choose any make or model of vehicle under a novated lease arrangement. Choice of salary sacrifice amount and multiple vehicles Subject to any of your employer s policies and credit application, you may: select the amount of salary you wish to sacrifice; and salary sacrifice more than one vehicle. When you start your lease you will receive a login and password allowing you to view all transactions and monitor expenses & FBT at any time. 7

11 Employers with tax concessions Public Benevolent Institutions (PBI s) If you work for a Public Benevolent Institution (PBI) there are additional tax benefits: PBIs (that are not hospitals) receive an exemption from paying FBT (subject to a $30,000 capping threshold). Benefits provided to employees are FBT-free where the total grossed up value of certain fringe benefits to an individual employee during the FBT year is $30,000 or less. If the total grossed-up value of the fringe benefits provided to an individual employee is more than $30,000, the PBI employer will be liable for the FBT on the excess amount. Note: The $30,000 capped FBT exemption does not apply to PBIs that are hospitals. Hospital employers have a $17,000 cap on the amount of FBT-free benefits they may provide to their employees. Rebatable employers Employees of a rebatable employer can also package up to $30,000 grossed up however are eligible for a 48% discount rebate on the amount of FBT that would otherwise be payable. Grossing up means increasing the taxable value of a benefit to reflect the gross salary an employee would have to earn at the highest marginal tax rate, including the Medicare levy, to purchase the benefit using after-tax dollars. It is used to determine the amount of FBT applicable to a fringe benefit. The rate used depends on the type of benefit and whether or not it is subject to GST. Here is a quick reference for you: Grossed-Up Taxable Value = Taxable Value of Benefit x Gross-Up Factor Benefit Type Subject to GST Gross-Up factor Type 1 YES Type 2 NO

12 Novated lease analysis example Novated lease analysis example The following page shows an example of a Street Fleet vehicle salary package analysis which accompanies all of our novated leasing quotes. We have entered a fictitious driver named Brian and what this example shows is the effect on the driver s net disposable income across three different types of finance for his vehicle: namely a car loan, novated lease and a novated lease with employee contributions (ECM). In the example, Brian has: An Annual salary of $50,000 Lease repayments of $11, annually contributions to this novated lease which increases his total benefit to $8, over the car loan over the term of the lease. Please refer to the employee contribution section of this guide for further details on ECM. To the right of the analysis is an outline of the lease procedure from application through to ordering. Upon commencement of your lease we will also send a payroll deduction notice through to your payroll officer to assist them with the necessary adjustments. Every quote and analysis is different so it is important to speak with a financial advisor to gain an understanding of the implications which apply to your circumstances. Is in the 20% bracket for FBT Additional assumptions are as outlined on the analysis sheet. The first column shows the cost of the lease if it was a car loan where Brian is making all of the lease repayments from of post tax salary. This column is our reference point for the other two examples. The second column shows the effect on Brian s net salary of using a novated lease; where he makes the lease repayments from of pre-tax salary giving him a $5, benefit over the car loan for the life of the lease. Contact us today for your own novated lease quote & analysis The third column shows the effect of Brian making post tax 9

13 Vehicle Salary Package Analysis for: Employee: Brian Smith Where to from here? Employer: ABC Pty Ltd Lease Type: Novated - Fully maintained When you are happy to proceed: Vehicle: Hyundai Elantra Sedan Auto Date: 5/07/2012 #1 Contact your Street Fleet consultant for a credit application Description Quote Number: #2 Send back your completed application with supporting documentation; we will respond within 24 hours Employer FBT Status: FBT Method: ECM Payroll Cycle: FBT Rate: 20% #3 Upon approval: send the quote form back signed by both yourself and an authorised representative of your employer Non-Novated Novated Lease Novated Lease - ECM Post-Tax Payments Pre-Tax Payments Pre & Post Tax Payments #4 We will order your vehicle on your behalf Gross Annual Salary $ 50, $ 50, $ 50, #5 Prior to delivery, Lease documentation is to be signed by both yourself Less: and an authorised representative of your employer Lease & Operating Costs $ - $ 11, $ 7, (packaged Pre-Tax) Fringe Benefits Tax (FBT) $ - $ 4, $ - vehicle will be delivered GST on Employee Contribution $ - $ - $ Luxury Car Charge $ - $ - - Input Tax Credits (ITC's) $ - $ 1, $ 1, Taxable Salary $ 50, $ 35, $ 43, of lease commencement #6 Once the documents are signed and insurance(s) are in place your $ #7 Your payroll officer will be given details of your required salary deductions #8 Fuel card & roadside assist details (if included) will be sent within 7 days Tax (inc. Medicare & Flood Levy) $ 8, $ 3, $ 6, Post-Tax Salary $ 41, $ 31, $ 37, Employee Contribution (vehicle) $ - $ - 4, Car Finance & Operating Costs $ 11, $ - - ** paid post tax $ ** $ How do I track my lease? Net Disposable Salary $ 29, $ 31, $ 32, You will be ed a login and password for Street Fleet online. Estimated Annual Benefit $ - $ 1, $ 2, This will let you: Estimated Term Benefit $ - $ 5, $ 8, Monitor FBT Notes: The above analysis makes the following assumptions: 1. Your Employer is entitled to a full tax credit for all payments under a novated lease Track expenses/budgets Update contact details 2. The vehicle is available 365 days of the year for the employee's use Monitor other fleet events (accidents, fuel cards etc) 3. The employee is an Australian Tax Resident and has private health insurance 4. When financing through a bank that the employer can access the same interest rate offered by Street Fleet and that they are able to finance with a balloon amount 5. That the employee can operate the vehicle for the same running costs as Street Fleet This information is provided for illustrative purposes only and does not take into account your personal financial If you have any questions throughout this process please contact your situation, investment objectives or specific needs. It does not constitute investment advice, an offer, or a quote. We recommend Street Fleet consultant on that you seek advice from either a financial planner or accountant who is able to assist you in taking your personal financial situation, investment objectives and specific needs into consideration, before taking out any lease. 10

14 Getting started Finding a car Street Fleet also offers to locate any new or demo vehicle for you as part of the novated lease package through our extensive australia wide dealer network. Visit the novated lease section of to use our novated lease calculator to show you what you could save. Advantages of doing this include: Easy to use, Street Fleet does all of the negotiating; access to any make or model of vehicle our insistence on the freshest stock available; accuracy of paperwork If you have already found a vehicle please forward details on to your Street Fleet consultant. Please contact us to request a quote and to give us details of the dealer on either or Please do not sign any contracts or pay any deposits to dealers on vehicles before talking to Street Fleet as it may cause difficulties in achieving a better price on the vehicle. 11

15 FAQ Can I finance a used vehicle? You can lease a used vehicle as long as it is not more than 7 years old or 200,000km at lease end. The vehicle must be purchased from a licensed motor vehicle dealer (we are unable to purchase from private individuals). We are also able to offer Street Fleet ex lease vehicles. What happens if my vehicle is no longer under warranty? If you are looking at a used vehicle which is outside the manufacturer s warranty period or kms then we can include an extended warranty product in your lease to cover this asset. This can be opted out at any time before the lease starts and a product disclosure statement (PDS) is made available with the initial lease quotation or by visiting It is important that you consider the costs of unexpected warranty claims if you do choose to opt out of this product as they will not be taken into account when structuring the lease. Is a novated lease right for me? With each quote, your fleet consultant will provide you with an analysis showing how the lease may affect your annual and monthly salary. Each financial position is different and you should consult either a financial planner or tax professional before entering into a novated lease. What are the credit approval requirements? Once you are happy with your novated lease quote, we will also a privacy statement and credit application that asks for some basic information relating to your individual financial status. It is important that you read and understand these forms and contact us if you have any questions. Once you complete and submit these forms along with supporting documentation, you should receive confirmation of your credit approval within 24 hours. The credit approval process is a standard lending application that looks at your personal circumstances and credit history. Will I need approval from my HR? Your HR or payroll department will be notified when you accept your novated lease quote. we will ask them to confirm your employment at the application stage. Your employer must agree to commence leasing the vehicle from Street Fleet and to make the required monthly salary deductions. How long will the whole process take? We recommend that you start the process as early as possible. Uncontrollable delays can occur particularly for popular or new models. However if: the vehicle is in stock in your state and you do not want it overly customised or accessorised; and your credit application proceeds smoothly, the process takes approximately five business days. Who is eligible for a novated lease? Street Fleet will extend credit only to permanent full time employees with clear credit history. Please note that employees must have completed any probationary employment period. Our standard terms and conditions apply. How will you protect my privacy? We will ask you to sign a privacy statement which outlines how we use your personal information. This includes disclosing information to a credit reporting agency, your employer and the dealer to the extent each of them needs to know the information or to undertake a search of your credit history. We may also use your details to tell you about our products and services in the future. 12

16 FAQ What if I take delivery of my vehicle during the FBT year? FBT rates have standardised to 20% it is no longer an issue to take delivery during the FBT year. Your FBT is simply calculated based on the number of days used in the year. What is the Luxury Car Tax Limit and how would it affect my lease? Luxury car tax (LCT) is a 33% tax on any luxury vehicle as determined by an ATO nominated value. Currently 2013/2014 the LCT limit is $60,316 so any vehicle with a value above this amount will be taxed at 33%. For green vehicles this limit has been increased to $75,375. Taking out a novated lease on a vehicle above this limit can have an additional impact on your salary (over a non luxury vehicle) as the tax treatment changes for vehicles above this limit. We strongly recommend you speak with a financial advisor or tax professional if you are looking at a novated lease on a luxury vehicle. Is comprehensive insurance included? All leased vehicles must be comprehensively insured. There are two options for including comprehensive insurance in your cost to package: Street Fleet can arrange insurance through a preferred supplier. The preferred supplier arrangements provide comprehensive motor vehicle insurance at competitive rates with features designed with novated lease in mind. Let us know if you would like more information about the product features. What is accident management? Street Fleet s novated lease products include an accident management service. Simply call our office and we can assist you to deal with the accident, make an insurance claim, have the vehicle repaired, etc. What happens if I write my lease vehicle off? If your vehicle is written off then we will give you a payout on your lease, upon payment of which the lease will be terminated. If your insurance payout does not match the finance payout you will have to make the shortfall/gap payment to us to finalise the lease. Gap insurance may also be included on your initial quotation to cover you for this event up to certain limits. This can be opted out at any time before the lease starts and a product disclosure statement (PDS) is made available with the initial lease quotation or by visiting Depending on your insurer s policy terms and conditions, and under certain circumstances, we may be able to accept old for new replacement on the existing lease. Can tolls and parking infringements be included in my lease? No. The ATO guidelines state that tolls and parking infringements cannot be included in a novated lease Who can drive my novated lease vehicle? It is completely up to you; however there may be restrictions from your insurer or employer on who can drive the vehicle. Source your own insurance and provide the annual premium and policy details to Street Fleet so we can organise a reimbursement and include this amount in your cost to package. 13

17 FAQ How do I purchase fuel and when will I get my fuel card? If you have nominated to have Street Fleet organise your fuel card through Motorpass/Motorcharge, this will arrive in approximately 7 days. If you need to fill up during this period we will reimburse you from the lease provisions if fuel has been included. What do I do if my vehicle is due for a service? Just book the vehicle into your local MTA approved service centre. When dropping the car off, let them know that Street Fleet manages the vehicle and they will contact us for authorisation. Our decals will also be on the service books to remind the dealer. Once the service is complete simply collect your vehicle. All invoices will be sent to our office for payment. If there are any issues with the vehicle (such as required repairs etc) we will contact you to discuss. How do I track what I have spent against the budgets included in my package? Just visit where you can log on to our secure online system to view your expenditure 24 hours a day, 7 days per week. How can I track my actual kilometre usage against my lease kilometre limits? There are three ways that we can collect km readings on your lease vehicles: 1. When you give your kms reading at petrol stations 2. When your vehicle is serviced 3. If you manually enter your reading in our online system. At any stage you can log into the system to track your actual kilometres against your kilometre limit. This can also generate a report that advises how your kilometres are tracking for fringe benefits tax. What if I need reimbursement? If you ever need to pay for fuel, maintenance or other related expenses with your own money, Street Fleet can reimburse you from your running cost budget ensuring that all costs are paid from your pre-tax salary. Simply contact us for a reimbursement form and Street Fleet will reimburse the money back into your nominated bank account via EFT. Vehicle registration Street Fleet will arrange for the vehicle to be registered with our mailing address. The cost for registration is included in your lease and will be paid by Street Fleet. We will send you the registration papers each year and you are responsible for ensuring the new label is attached to the vehicle (if required to do so by state law). If the vehicle becomes unregistered, your authority to use the vehicle is withdrawn and you must make sure that nobody drives the vehicle. What if I spend less money than my employer deducts? These amounts are returned to you via your payroll at the end of the lease term. What if I spend more money than my employer deducts? These amounts are invoiced to your employer and deducted via your pre-tax salary bi-annually. 14

18 FAQ When does my cost to package get reconciled? In the event of any of the following: if you are tracking well ahead or behind on your budget, at the end of the lease term; or if your employment is terminated. What happens if I leave my employer during my lease term? If you leave your employer, you must notify Street Fleet in writing as soon as possible. The novation agreement with your employer will be terminated and you become the lessee of the vehicle. This means that you will become responsible for making all lease payments. You may also contact us on to discuss alternative arrangements such as transferring to a new employer or paying the lease out early. Street Fleet will provide your employer with a package reconciliation that includes FBT to assist them in preparing your final payment. As some costs may not be known on the date the novation is terminated, it may take up to 5 days to complete the reconciliation to calculate your final payment or refund. What happens at the end of my lease? Three months prior to the end of the lease term, we will contact you to remind you that the end of your lease term is approaching and outline the alternatives that are available to you. What happens if I involuntarily leave employment or cannot work? If you involuntarily leave your employment or cannot work due to certain circumstances, you will still be required to make the lease repayments. Walkaway or Loan Termination Protection insurance may be included on your lease to allow you to hand the vehicle back should one of the designated life events occur (up to certain limits). This can be opted out at any time before the lease starts and a product disclosure statement (PDS) is made available with the initial lease quotation or by visiting How do I contact Street Fleet for more information? P: W: E: Something we haven t covered in the FAQ? Contact us for the answer. 15

19

20 call streetfleet.com.au

StreetFleet Novated Leasing. A practical guide to salary packaging your car.

StreetFleet Novated Leasing. A practical guide to salary packaging your car. Novated Leasing A practical guide to salary packaging your car. Thank you very much for your prompt action. I am very impressed by how quickly everything has been actioned. I would happily recommend to

More information

GET THE CAR YOU LOVE THE SMART AND EASY WAY

GET THE CAR YOU LOVE THE SMART AND EASY WAY GET THE CAR YOU LOVE THE SMART AND EASY WAY What is Novated Leasing? NOVATED LEASING MADE EASY A Novated Lease is a three way agreement between you, Custom Fleet and your employer. It can potentially save

More information

Employee Starter Pack. www.sgfleet.com

Employee Starter Pack. www.sgfleet.com Employee Starter Pack www.sgfleet.com Table of Contents Welcome to sgfleet Novated Leasing 3 What is a Novated Lease? 3 The benefits of a Novated Lease 4 Choice and flexibility 4 Ability to achieve real

More information

GUIDE TO SALARY PACKAGING A CAR

GUIDE TO SALARY PACKAGING A CAR GUIDE TO SALARY PACKAGING A CAR TABLE OF CONTENTS INTRODUCTION 3 WHY SALARY PACKAGING A CAR WITH PAYWISE 3 HOW SALARY PACKAGING A CAR WORKS 4 EMPLOYMENT TERMINATION 6 EARLY TERMINATION 6 GET STARTED 6

More information

Novated Lease Explained

Novated Lease Explained Novated Lease Explained At nlc, we provide you with the easiest, lowest-cost way to own and run the car of your choice. We take care of all your automotive needs, including car purchase, finance, insurance,

More information

Novated lease guide Contents 1.0 Introduction 1.0 Introduction 1 1.1 What is novated leasing? 2 1.2 How does novated leasing work? 3 1.3 Benefits of a novated lease 4 1.4 Novated lease vehicle packaging

More information

INTRODUCING MAXXIA MYCAR A GUIDE TO NOVATED LEASING AND SALARY PACKAGING THE CAR YOU WANT

INTRODUCING MAXXIA MYCAR A GUIDE TO NOVATED LEASING AND SALARY PACKAGING THE CAR YOU WANT INTRODUCING MAXXIA MYCAR A GUIDE TO NOVATED LEASING AND SALARY PACKAGING THE CAR YOU WANT X Communication Plan (0909) Maxxia Pty Ltd Have you thought about buying a car and wondered if a novated lease

More information

A Guide to Novated Leases. www.sgfleet.com

A Guide to Novated Leases. www.sgfleet.com A Guide to Novated Leases www.sgfleet.com Improve the Weekly Budget A holiday, new clothes or just a bit more money in the wallet; whatever the reason, everyone should consider the potential improvements

More information

EASIFLEET NOVATED LEASING EASIER THAN EVER. easifleet.com.au

EASIFLEET NOVATED LEASING EASIER THAN EVER. easifleet.com.au EASIFLEET NOVATED LEASING EASIER THAN EVER easifleet.com.au REDUCED INCOME TAX NO GST ON THE PURCHASE PRICE FLEET DISCOUNTED RUNNING COSTS NOVATED LEASING An easifleet novated lease makes vehicle ownership

More information

SALARY PACKAGING MOTOR VEHICLES GUIDE TO EMPLOYEES

SALARY PACKAGING MOTOR VEHICLES GUIDE TO EMPLOYEES SALARY PACKAGING MOTOR VEHICLES GUIDE TO EMPLOYEES 1. Introduction Categories of Arrangements. 2. Benefits of Vehicle Leasing. 3. Lease Contract Conditions. 4. Understanding the Commitment. 5. Safety Nets.

More information

Government CarPlan User Guide

Government CarPlan User Guide Government CarPlan User Guide LeasePlan Australia Level 7, South Wharf Tower 30 Convention Centre Place South Wharf, Victoria 3006 PO Box 6297 St Kilda Road Central Melbourne, Victoria 8008 Tel: 132 572

More information

The Summit Guide to Novated Leasing

The Summit Guide to Novated Leasing The Summit Guide to Novated Leasing Contents Overview...3 Who is Summit?...3 What Is a Novated Lease?...3 Lease Types...3 Leases with External Finance (3rd party payments)...4 Fringe Benefits Tax (FBT)...4

More information

Corporate CarPlan Novated Leasing User Guide

Corporate CarPlan Novated Leasing User Guide Corporate CarPlan Novated Leasing User Guide LeasePlan Australia Level 7, South Wharf Tower 30 Convention Centre Place South Wharf, Victoria 3006 PO Box 6297 St Kilda Road Central Melbourne, Victoria 8008

More information

Monash University. Novated Lease Vehicle Policy

Monash University. Novated Lease Vehicle Policy Novated Lease Vehicle Policy Please note: changes and modifications to this policy and its attachments may occur from time to time without prior notice. It is encouraged that you review the policy on the

More information

Salary Sacrifice (Novated Vehicles) Guideline

Salary Sacrifice (Novated Vehicles) Guideline Salary Sacrifice (Novated Vehicles) Guideline Policy Hierarchy link This guideline is linked to the Fleet Management Policy Responsible Officer Manager, Campus Services, Ext: 53978 Contact Officer Manager,

More information

Employee Information Guide. Salary Packaging

Employee Information Guide. Salary Packaging Guide Salary Packaging April 2014 Contents Contents... 2 Disclaimer... 4 1. Introduction... 5 1.1 About this guide... 5 1.2 Financial Advice... 5 1.3 What is Salary Packaging?... 5 1.4 Who is eligible

More information

For adviser use only. Salary Packaging strategies to Minimise Taxation

For adviser use only. Salary Packaging strategies to Minimise Taxation For adviser use only Salary Packaging strategies to Minimise Taxation General Advice Warning This presentation has been prepared by IOOF Investment Management Limited (IIML), ABN 53 006 695 021, AFS Licence

More information

Peter's FBT is calculated as: (33,000 x 0.2 x 300) / 365 = $5424.65

Peter's FBT is calculated as: (33,000 x 0.2 x 300) / 365 = $5424.65 Car Salary Packaging using Novated Lease What is a Novated Lease? A novated lease is a three-way agreement between your employer, employee and the financier, where the employer takes on the obligation

More information

Guidelines for Providing Cars April 2013

Guidelines for Providing Cars April 2013 April 2013 Introduction: The provision of cars for private use is a common practice amongst councils either as a private benefit in a senior staff contract of employment or as part of a leaseback arrangement

More information

Make the most of your benefits: Presentation for: Queensland Government employees

Make the most of your benefits: Presentation for: Queensland Government employees Make the most of your benefits: Presentation for: Queensland Government employees What We Will Cover How Salary Packaging Can Save You Tax! Salary Packaging Guidelines Salary Packaging Benefits Novated

More information

Fleet Management Services

Fleet Management Services Fleet Management Services Welcome to Smartfleet What is Smartfleet? Overview Managed Services Powerful Modules Reporting Overview Smartfleet is a leading Australian fleet management company, helping organisations

More information

The University of Newcastle. Salary Packaging User Guide

The University of Newcastle. Salary Packaging User Guide The University of Newcastle Salary Packaging User Guide It s easier to leaseplan Table of Contents Introduction to SalaryPlan and Salary Packaging Administration 3 Reading this guide 3 What is salary packaging?

More information

Salary packaging information booklet. Motor vehicles and novated leasing. For Queensland Health Employees

Salary packaging information booklet. Motor vehicles and novated leasing. For Queensland Health Employees Salary packaging information booklet Motor vehicles and novated leasing For Queensland Health Employees State of Queensland (Department of Housing and Public Works) 2013 About this booklet Disclaimer This

More information

APESMA GUIDE TO remuneration

APESMA GUIDE TO remuneration APESMA GUIDE TO remuneration p a c k a g i n g The Association of Professional Engineers, Scientists and Managers, Australia contents Introduction 2 Remuneration packaging: What is it? 2 How does it work?

More information

Commercial Finance Products 1302a (Forms part of Finance Products Module TFAL_1302

Commercial Finance Products 1302a (Forms part of Finance Products Module TFAL_1302 Commercial Finance Products 1302a (Forms part of Finance Products Module TFAL_1302 Introduction The purpose of this module is to provide you with comprehensive information about the following Toyota Financial

More information

How to read a Quote. THE WORLD LEADING FLEET AND VEHICLE MANAGEMENT COMPANY

How to read a Quote. THE WORLD LEADING FLEET AND VEHICLE MANAGEMENT COMPANY How to read a. Your LeasePlan quote gives you all the details of your selected vehicle and lease term. It shows all the calculations, including discounts and GST savings, to help you understand your options

More information

Vehicle & Equipment Finance

Vehicle & Equipment Finance Vehicle & Equipment Finance Vehicle & Equipment Finance There are a number of different ways to finance the purchase of vehicles and equipment in your business including lease, chattel mortgage and commercial

More information

The sacrifice is achieved by varying your terms and conditions of employment for the term which you choose to receive a company car.

The sacrifice is achieved by varying your terms and conditions of employment for the term which you choose to receive a company car. Employee Frequently Asked Questions General 1 What is Colleague Cars? Colleague Cars is a unique scheme open to all employees whereby you exchange some of your normal salary in return for a company car.

More information

Your guide to CompleteLease

Your guide to CompleteLease Your guide to 1300 888 875 8.30am 5pm (EST) Monday Friday smallbusiness@toyota.com.au www.toyotafleetmanagement.com.au Toyota Fleet Management is a division of Toyota Finance Australia Limited ABN 48 002

More information

Frequently Ask Questions

Frequently Ask Questions Frequently Ask Questions This document has been prepared to answer questions that you are likely to have on the new SalarySacrifice4Cars scheme ( the car scheme ). It is set out in 3 sections The car scheme

More information

Salary Packaging Lay Staff

Salary Packaging Lay Staff Salary Packaging Lay Staff Version Approved by Current as at 1 Senior Leadership Team 12 June 2014 1.0 Policy Statement The Uniting Church in Australia, Synod of Victoria and Tasmania (the Synod) acknowledges

More information

Individual & Family Tax Measures

Individual & Family Tax Measures Budget Budget Highlights Highlights CHANGES & OTHER IMPORTANT INFORMATION Individual & Family Tax Measures Individual Tax Rates The individual tax rates remain unchanged for 2013/2014 and are listed below.

More information

Salary Packaging. Employee Information Booklet

Salary Packaging. Employee Information Booklet For more copies please Email:info@salary.com.au Salary Packaging Employee Information Booklet Managed by Visit www.salary.com.au today And view your salary package As at July 2009 FOR FAST, FRIENDLY SERVICE,

More information

Version 4.2 6 August 2012

Version 4.2 6 August 2012 Salary Packaging Manual Version 4.2 6 August 2012 http://www.sharedservices.act.gov.au/docs/salary_packaging_manual.pdf Table of Contents Contents Page No Disclaimer 3 Explanation of Terms 4 1.0 Introduction

More information

In a nutshell... Article published in Issue 1, 2010-11 of The Taxpayer, dated 5 July 2010. ...the full article follows

In a nutshell... Article published in Issue 1, 2010-11 of The Taxpayer, dated 5 July 2010. ...the full article follows Article published in Issue 1, 2010-11 of The Taxpayer, dated 5 July 2010 In a nutshell... Reportable fringe benefits and superannuation Payment summaries, detailing an employee s remuneration and taxes

More information

COLLEAGUE CARS FAQ S. What are the benefits of Colleague Cars? What is included in the package? How much can I save?

COLLEAGUE CARS FAQ S. What are the benefits of Colleague Cars? What is included in the package? How much can I save? What are the benefits of Colleague Cars? What is included in the package? How much can I save? COLLEAGUE CARS FAQ S Can I arrange to test drive a car? What makes and models are available? A brief insight

More information

What s New? No limit on salary sacrifice for superannuation contributions to a complying fund. Pages 6 to 11

What s New? No limit on salary sacrifice for superannuation contributions to a complying fund. Pages 6 to 11 SOUTH AUSTRALIAN GOVERNMENT SALARY SACRIFICE INFORMATION BOOKLET OFFICE HOLDERS REMUNERATION TRIBUNAL DETERMINATION What s New? No limit on salary sacrifice for superannuation contributions to a complying

More information

A GUIDE TO SALARY SMART FOR EMPLOYERS 25+

A GUIDE TO SALARY SMART FOR EMPLOYERS 25+ A GUIDE TO SALARY SMART FOR EMPLOYERS 25+ Introducing Salary Smart Salary Smart is an arrangement where an employee gives up part of their future earnings or bonus in exchange for a non-cash benefit. As

More information

Frequently Asked Questions.

Frequently Asked Questions. Frequently Asked Questions. Introduction to TCH Salsa We are introducing a unique benefit to our employees which allows you to sacrifice an element of your salary for a leased car, taking advantage of

More information

DRIVERS GUIDE NOVATED LEASE

DRIVERS GUIDE NOVATED LEASE DRIVERS GUIDE NOVATED LEASE easifleet Drivers Guide WELCOME TO YOUR EASIFLEET NOVATED LEASE Your Drivers Guide contains all the information you need to operate and maintain your vehicle. We have included

More information

New car. Lower tax. CarePLUS. novated. a salary packaging option. for healthcare and emergency services employees

New car. Lower tax. CarePLUS. novated. a salary packaging option. for healthcare and emergency services employees New car. Lower tax. CarePLUS. novated car leasing a salary packaging option for healthcare and emergency services employees a message from the managing director Thank you for taking the time to find out

More information

Salary Packaging Guidelines for Employees of Australian Catholic University

Salary Packaging Guidelines for Employees of Australian Catholic University SALARY PACKAGING SERVICES AUSTRALIA PTY LTD A.B.N. 62 082 108 987 4/179 Queens Street, Melbourne Vic 3000 Locked Bag 4000 Vic 3001 Telephone: 03 8615-4800 Facsimile: 03 8615-4911 Email: info@salary-packaging.com.au

More information

The Smart Smoothly Approach Integrating a to Novated Novated Lease into Your Employee Vehicle Leasing Benefit Programs A White Paper from Smartsalary

The Smart Smoothly Approach Integrating a to Novated Novated Lease into Your Employee Vehicle Leasing Benefit Programs A White Paper from Smartsalary The Smart Approach to Novated Vehicle Leasing A White Paper from Smartsalary Smoothly Integrating a Novated Lease into Your Employee Benefit Programs Executive Summary Situation: Novated Leasing is a key

More information

Financial Planning 101

Financial Planning 101 Hughes Forbes Financial Services AFSL 323719 Financial Planning 101 P R E S E N T E D BY F A B I A N P O S T I G L I O N I M a y 2 0 1 2 Disclaimer 2 This material is not intended to constitute personal

More information

Motor Vehicle Transition 2012

Motor Vehicle Transition 2012 Motor Vehicle Transition 2012 - Fully Maintained Vehicles Contents of this booklet Key Changes to the Motor Vehicle Policy 2 What does this mean for me? 3 Novated Lease 6 Vehicle Approval Criteria 7 Examples

More information

Paying your way. Tax issues for the self employed

Paying your way. Tax issues for the self employed Paying your way Tax issues for the self employed May 2012 Tax issues for the self employed This is a brief overview of tax issues that affect the self employed. Understanding your tax responsibilities

More information

Product Disclosure Statement

Product Disclosure Statement MTA Insurance Limited Equity Plus Insurance Product Disclosure Statement This document must be read in conjunction with the Application/Certificate of Insurance for MTA Equity Plus Insurance. Together

More information

FINANCE APPLICATION / NOVATED LEASE (salary packaging) Liabilities SURPLUS $

FINANCE APPLICATION / NOVATED LEASE (salary packaging) Liabilities SURPLUS $ STREET 9 Roberts St West, Osborne Park, WA, 6017 MAIL PO Box 1493, Osborne Park, WA, 6916 Telephone: 08 6465 5411 Fax: 08 6465 5433 Website: allwestfleet.com.au FINANCE APPLICATION / NOVATED LEASE (salary

More information

NOTES TO ASSIST COMPLETION OF BUSINESS QUESTIONNAIRE

NOTES TO ASSIST COMPLETION OF BUSINESS QUESTIONNAIRE NOTES TO ASSIST COMPLETION OF BUSINESS QUESTIONNAIRE Never change company shareholding without conferring with us because there are tax implications. Please note the following comments 1. Cars If you sell

More information

Salary Packaging Information Kit

Salary Packaging Information Kit Salary Packaging Information This booklet provides information about salary packaging for employees of Public Benevolent Institutions (PBI) and other charitable organisations. Salary packaging (also known

More information

2015 PERSONAL INCOME TAX WORKSHEET

2015 PERSONAL INCOME TAX WORKSHEET 2015 PERSONAL INCOME TAX WORKSHEET TAXPAYER DETAILS Title Tax File Number Surname of Birth First Name Best Contact Number ( ) Other Name/s Or Mobile Telephone Occupation (not Title) Residential Address

More information

INDEX: WWW.FIRSTBOOKKEEPING.COM.AU

INDEX: WWW.FIRSTBOOKKEEPING.COM.AU INDEX: ü Step 1 Getting started in business registrations Page 3-4 ü Step 2 What you need to know about business income tax Page 5 6 ü Step 3 Business Expenses what to claim Page 7 ü Step 4 Working from

More information

For personal use only

For personal use only ASSET MANAGEMENT MASTER CLASS PRESENTATION BY MCMILLAN SHAKESPEARE LIMITED ABE TOMAS MANAGING DIRECTOR FLEET AND FINANCIAL PRODUCTS 23 RD OCTOBER 2014 P 2 Agenda Outcomes Australian and UK market Basel

More information

Funding options for Commercial Projects

Funding options for Commercial Projects Funding options for Commercial Projects SOLAR360: LEVEL 18, 499 ST KILDA RD, MELBOURNE VIC 3004 PHONE 1300 600 360 - www.solar360.com.au The following financing solutions apply to commercial solar and

More information

Tax tips and tax return checklist

Tax tips and tax return checklist Tax tips and tax return checklist To help you complete your tax return, the following lists outlines the payments that are classified as income and those that are classified as expenses across a range

More information

ANZ OneAnswer. Investment Portfolio. Incorporated Material

ANZ OneAnswer. Investment Portfolio. Incorporated Material ANZ OneAnswer Investment Portfolio Incorporated Material 5 May 2008 How do I read this Incorporated Material? This Incorporated Material provides further information and/or specific terms and conditions

More information

What is benefit in kind tax and how quickly will it be applied to my pay?

What is benefit in kind tax and how quickly will it be applied to my pay? FAQ S Can anyone apply for a salary sacrifice lease car? You must be a permanent employee of the Trust; Salary must be above the minimum wage after all salary sacrifices are taken into account (currently

More information

Making the Most of Your Super

Making the Most of Your Super Making the Most of Your Super For many people, super is one of the best ways to accumulate wealth. The Government provides tax benefits to encourage people to fund their own retirement. With more Australians

More information

Suzuki Finance and Insurance Solutions

Suzuki Finance and Insurance Solutions Suzuki Finance and Insurance Solutions Suzuki Finance, Leasing and Insurance Solutions Our finance and leasing solutions make it easy for you to get the Suzuki you want. Whether it s to zip around the

More information

Product Disclosure Statement

Product Disclosure Statement AMP Retirement Savings Account Product Disclosure Statement Contents 1. About AMP Retirement Savings Account 2. How super works 3. Benefits of investing with AMP Retirement Savings Account 4. Risks of

More information

Frequently Asked Questions by Employees. Fuel Efficient Car Lease Scheme. An employee benefit offered by the University of Birmingham

Frequently Asked Questions by Employees. Fuel Efficient Car Lease Scheme. An employee benefit offered by the University of Birmingham Frequently Asked Questions by Employees Fuel Efficient Car Lease Scheme An employee benefit offered by the University of Birmingham If you have any further questions or would prefer to talk to someone,

More information

Fundamentals of Australian Taxation. Snehal Shah Director GMK Partners Pty Ltd

Fundamentals of Australian Taxation. Snehal Shah Director GMK Partners Pty Ltd Fundamentals of Australian Taxation Snehal Shah Director GMK Partners Pty Ltd Disclaimer This presentation is of a general nature only and is not intended to be relied upon as, nor to be a substitute for,

More information

autopia.com.au Intelligent Car Ownership If you read this guide and don t want to package your car you should read it again.

autopia.com.au Intelligent Car Ownership If you read this guide and don t want to package your car you should read it again. If you read this guide and don t want to package your car you should read it again. Thanks to pia I ve paid for a new fireplace, a new kitchen, I ve packaged two cars, and I couldn t be happier. Brad Freer

More information

Reach Your Destination

Reach Your Destination Reach Your Destination 1 At Audi Finance, we specialise in providing superior services to match the superior performance of our cars. You can trust the reputation of an established and respected brand

More information

Personal Income Tax Return - Year End Questionnaire 2015

Personal Income Tax Return - Year End Questionnaire 2015 Personal Income Tax Return - Year End Questionnaire 2015 To assist us in preparing your income tax return, please use this questionnaire as a checklist when you compile your information. With respect to

More information

Completing your 2015 fringe benefits tax return

Completing your 2015 fringe benefits tax return Instructions for employers lodging an FBT return Completing your 2015 fringe benefits tax return Fringe benefits tax returns must be lodged with us by 21 May 2015 Details on how to lodge your return and

More information

Corporate Profile. www.sgfleet.com

Corporate Profile. www.sgfleet.com Corporate Profile www.sgfleet.com Global Fleet Management Experience and relationships built over 25 years in the industry, unsurpassed knowledge and a superior service offering, uniquely position sgfleet

More information

Salary Packaging Application Forms

Salary Packaging Application Forms Salary Packaging Application Forms The following forms for salary packaging of superannuation and/or other benefits follow. If packaging superannuation only, you should use the forms from the Superannuation

More information

INFORMATION FOR INCOME TAX RETURN CLIENT CHECKLIST INDIVIDUALS - for year ended 30 June 2014.

INFORMATION FOR INCOME TAX RETURN CLIENT CHECKLIST INDIVIDUALS - for year ended 30 June 2014. INFORMATION FOR INCOME TAX RETURN CLIENT CHECKLIST INDIVIDUALS - for year ended 30 June 2014. To assist us in preparing your income tax return, please use this checklist when compiling your information.

More information

Salary Packaging Issues

Salary Packaging Issues Salary Packaging Issues Murray Nicholls Saward Dawson Session overview 1. Terminology & basics 2. Specific issues for pastors 3. Options for other church staff 4. How salary packaging affects government

More information

ROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE ON VALUERS, APPRAISERS AND ESTATE AGENTS

ROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE ON VALUERS, APPRAISERS AND ESTATE AGENTS ROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE ON VALUERS, APPRAISERS AND ESTATE AGENTS CONTENTS INTRODUCTION... 1 Overview of Goods and Services Tax (GST)... 1 GST AND VALUERS, APPRAISERS AND ESTATE

More information

RACV Warranty. Three choices of cover. Motor Vehicle Warranty Product Brochure

RACV Warranty. Three choices of cover. Motor Vehicle Warranty Product Brochure RACV Warranty Three choices of cover Motor Vehicle Warranty Product Brochure About the RACV Warranty As one of the most respected brands in the motoring industry with over 100 years experience in delivering

More information

Salary Packaging Policy and Procedure Manual

Salary Packaging Policy and Procedure Manual Policy Directive Ministry of Health, NSW 73 Miller Street North Sydney NSW 2060 Locked Mail Bag 961 North Sydney NSW 2059 Telephone (02) 9391 9000 Fax (02) 9391 9101 http://www.health.nsw.gov.au/policies/

More information

Personal Income Tax Return Year End Questionnaire 2013

Personal Income Tax Return Year End Questionnaire 2013 Personal Income Tax Return ear End Questionnaire 2013 To assist us in preparing your income tax return, please use this questionnaire as a checklist when you compile your information. With respect to your

More information

2015 Changes / Key Announcements

2015 Changes / Key Announcements 2015 Changes / Key Announcements Below is a summary of the changes to be aware of and announcements that will potentially affect you for the year ending 30 th June 2015 or will come into effect as of 1

More information

2014 Year End Reminders and Obligations

2014 Year End Reminders and Obligations Mogg Osborne Pty Ltd 2014 Year End Reminders and Obligations Another financial year is about to finish! As a business owner, there are many obligations that you need to consider and action over the next

More information

THE NECESSARY FBT RECORDS

THE NECESSARY FBT RECORDS THE NECESSARY FBT RECORDS Under tax law, you must keep sufficient records to enable your FBT liability to be assessed. You must keep your records in English. If your records are not in a written form (for

More information

RECENT INCOME TAX CHANGES

RECENT INCOME TAX CHANGES RECENT INCOME TAX CHANGES Increased Medicare Levy Low Income Thresholds The Medicare Levy low-income thresholds for families and dependent child-student component of the threshold have been changed to

More information

TAX GUIDE FOR THE TAXI AND SHUTTLE INDUSTRIES

TAX GUIDE FOR THE TAXI AND SHUTTLE INDUSTRIES TAX GUIDE FOR THE TAXI AND SHUTTLE INDUSTRIES Information to help your business IR 135 October 2010 Help is at hand This tax guide gives you, as a self-employed person, an overview of your tax entitlements

More information

The Audi Guide to contract hire Getting the most from your leasing provider

The Audi Guide to contract hire Getting the most from your leasing provider The Audi Guide to contract hire Getting the most from your leasing provider Audi Fleet supports Business July 2012 : why choose contract hire? Contract hire is the most popular funding method in the fleet

More information

THE BMW GROUP GUIDE TO FLEET FUNDING.

THE BMW GROUP GUIDE TO FLEET FUNDING. THE BMW GROUP GUIDE TO FLEET FUNDING. The way vehicles are funded in a fleet context varies widely and there are two main methods for acquiring vehicles for your fleet: Outright purchase over a fixed period

More information

optimizer Key Facts An introduction to the benefits available to you through the optimizer Salary Sacrifice Car Scheme.

optimizer Key Facts An introduction to the benefits available to you through the optimizer Salary Sacrifice Car Scheme. optimizer Key Facts An introduction to the benefits available to you through the optimizer Salary Sacrifice Car Scheme. What is optimizer? Optimizer is a new kind of car scheme that gives you access to

More information

2015 Tax Return Checklist/Questionnaire

2015 Tax Return Checklist/Questionnaire 2015 Tax Return Checklist/Questionnaire Thank you for choosing using Gascoigne Consulting as your trusted tax advisor. So that we can complete your tax return efficiently and accurately and to maximise

More information

Lease Car Scheme. Drivers Guide

Lease Car Scheme. Drivers Guide NHS Fleet Lease Car Scheme Drivers Guide Scheme Administrator: Knowles Associates TFM Ltd Red Lion House, The Green Great Bentley Colchester Essex CO7 8QG Telephone: 01206 252300 Fax: 01206 252211 Email:

More information

NOVATED LEASE AGREEMENT TERMS AND CONDITIONS

NOVATED LEASE AGREEMENT TERMS AND CONDITIONS NOVATED LEASE AGREEMENT TERMS AND CONDITIONS THIS BOOKLET CONTAINS: Finance Schedule and Tax Invoice Terms and Conditions Services Schedule Customer name: Customer number: Staple Finance Schedule here

More information

RECENT INCOME TAX CHANGES

RECENT INCOME TAX CHANGES RECENT INCOME TAX CHANGES Financial Institution Details Required From 1 July 2013, when preparing your income tax returns we will need to include your nominated Australian bank account details when a refund

More information

Lancaster University Frequently Asked Questions

Lancaster University Frequently Asked Questions Lancaster University Frequently Asked Questions CONTENTS 1. About the Scheme and Salary Sacrifice Arrangements... 2 2. Ordering a Car... 5 3. Taking Delivery of a Car... 7 4. Leaving the Scheme Early...

More information

Salary Packaging Policy and Procedure Manual

Salary Packaging Policy and Procedure Manual Policy Directive Ministry of Health, NSW 73 Miller Street North Sydney NSW 2060 Locked Mail Bag 961 North Sydney NSW 2059 Telephone (02) 9391 9000 Fax (02) 9391 9101 http://www.health.nsw.gov.au/policies/

More information

IR 261 August 2014. Direct selling. Tax facts for people who distribute for direct selling organisations

IR 261 August 2014. Direct selling. Tax facts for people who distribute for direct selling organisations IR 261 August 2014 Direct selling Tax facts for people who distribute for direct selling organisations www.ird.govt.nz 3 Contents Introduction 4 www.ird.govt.nz 4 How to get our forms and guides 4 Part

More information

1. About the Scheme and Salary Sacrifice Arrangements

1. About the Scheme and Salary Sacrifice Arrangements CONTENTS 1. About the Scheme and Salary Sacrifice Arrangements... 2 2. Changes to the NHS Pension Scheme in 2015... 5 3. Ordering a Car... 6 4. Taking Delivery of a Car... 8 5. Leaving the Scheme Early...

More information

INTERNATIONAL PRODUCTION IN AUSTRALIA

INTERNATIONAL PRODUCTION IN AUSTRALIA INTERNATIONAL PRODUCTION IN AUSTRALIA GOODS & SERVICES TAX (GST) & CAST/CREW WITHHOLDING TAX GUIDE FOR FOREIGN PRODUCERS Prepared by Moneypenny Services in conjunction with Disclaimer The information has

More information

+ Choice of Repairer. 4WD Vehicle Insurance Comparison. Affinity 4WD Insurance

+ Choice of Repairer. 4WD Vehicle Insurance Comparison. Affinity 4WD Insurance Affinity 4WD Insurance 4WD Vehicle Insurance Comparison Feature Existing Lumley Benefit Standard CGU Benefit CGU Affinity 4WD Benefit Replacement Vehicle If the Vehicle is a Total Loss within 3 years of

More information

Guidelines for Self-Employed Persons

Guidelines for Self-Employed Persons INLAND REVENUE DEPARTMENT Saint Lucia Guidelines for Self-Employed Persons Our Mission The Inland Revenue Department stands committed in its impartial treatment of its customers. We aim to provide efficient,

More information

Your. Product Disclosure Statement and Insurance Policy

Your. Product Disclosure Statement and Insurance Policy Your Product Disclosure Statement and Insurance Policy In arranging this insurance Credit Union Australia Limited ABN 44 087 650 959 AFSL No. 238317 is acting pursuant to an agreement with the Insurer

More information

Precision Engineered Protection

Precision Engineered Protection Precision Engineered Protection Essential protection for your Volkswagen Volkswagen has a reputation for thinking differently and Volkswagen Insurance is a little bit different too. Naturally, we ve designed

More information

Programmed Employee Share Acquisition Plan (PESAP)

Programmed Employee Share Acquisition Plan (PESAP) Programmed Employee Share Acquisition Plan (PESAP) Programmed Employee Share Acquisition Plan ( PESAP ) Key Dates Offer commences Wednesday 1 June 2016 Initial offer close date Monday 20 June 2016 Contributions

More information

HCG Fact Sheet 30 June 2014 End of Financial Year Tax planning strategies

HCG Fact Sheet 30 June 2014 End of Financial Year Tax planning strategies HCG Fact Sheet 30 June 2014 End of Financial Year Tax planning strategies If you are an employee, consider Sacrificing your pre-tax salary or bonus into super rather than receiving it as cash so you can

More information

SALARY PACKAGING SUPERANNUATION GUIDE TO EMPLOYEES

SALARY PACKAGING SUPERANNUATION GUIDE TO EMPLOYEES SALARY PACKAGING SUPERANNUATION GUIDE TO EMPLOYEES Superannuation Introducing Salary Packaging Salary packaging has been made available to all staff of the University through the Enterprise Agreement process.

More information

Superannuation Salary Packaging

Superannuation Salary Packaging Superannuation Salary Packaging Providing options on how to use your money Remuneration Services (Qld) Pty Ltd ABN 46 093 173 089 Authorised Representative (No. 293159) of McMillan Shakespeare Limited

More information

Simply Clever Protection

Simply Clever Protection Simply Clever Protection ŠKODA Insurance is designed for practicality and flexibility, at a surprisingly affordable price. But isn t that just what you d expect from ŠKODA? We know ŠKODA drivers are independent

More information