Common misconceptions
There are a great number of misconceptions around novated leases. These exist even within organisations that are currently running car salary packaging programs.
“My employees don’t earn enough for it to be worthwhile.”
Not true, it doesn’t matter how much your employees earn, virtually everybody
can benefit from salary packaging a car.
“My employees don’t drive enough kilometres to get a tax
benefit, the FBT kills it”
Again, not true, with Autopia’s intelligent approach to salary packaging,
we can deliver tax savings no matter how many kilometres are driven.
“We’ve done it in the past, and we incurred unwanted
FBT expenses”
This simply doesn’t happen with Autopia, we’ve devised a way to ensure that
FBT never becomes an issue.
“We outsourced it in the past, and it was too much
administration”
Fair point, and with most fleet management companies and salary packaging
administrators, this is generally the case. These organisations are not set up
to deal with the complicated process of managing novated leases effectively.
Autopia is though, and as novated leasing is all we do, we’re extremely good
at it.
“Our employees don’t get a vehicle as part of their
package so why would we allow salary packaging?”
Even though your employees don’t need a vehicle for work, the majority of
them will still have cars. Salary packaging delivers tax benefits even when
no business use is involved, and as more employees novate their cars, your
business becomes more profitable.
“Employees don’t ask for this benefit, so why put it on?”
Because it’s so complicated, most people aren’t aware of just how much they
can benefit financially from salary packaging a car. Many don’t know what a
novated lease is. If you don’t know what you’re missing, it’s difficult to ask for it.
Click here to find out why Autopia is different from other providers
Click here to find out exactly what a novated lease is.
Click here to find out how it all works.