How you’ll feel when you discover the potential tax and financial savings of a novated lease.
With Novated Leasing you can, it's enough to get anyone a little ... Taxcited!
One of the best things about novated leasing is that, unlike a regular car loan, all your car’s lease repayments and running costs – including fuel, registration, insurance, servicing and the like – are taken from your pre and post-tax salary, which could reduce your taxable income and leave you with a little more money in your account.
With Maxxia’s buying power now stretching over 700 dealers Australia-wide, we could help get you a great deal on the car you want as well as removing the GST component that you would pay if you purchased the car outright (well, up to the GST-savings threshold of $5,521.18, anyway). So you could take advantage of getting your new wheels at a lower price while also not paying GST upfront.
But it doesn’t stop there. Depending on your employer, you may also receive the GST you pay on your car’s running costs refunded back from your employer. That means that when you fill up with fuel, insure or service your car (or even get it cleaned), your employer could pass on the potential tax savings to you. Plus, there is no threshold for GST claimable on the running costs, either.
If you could join the thousands of Taxcited Australians who currently potentially reduce their taxable income with a Maxxia novated lease, why wouldn’t you? It’s a great choice when it comes to getting into a new, used or even your existing car.
NSW Health strongly recommends that Employees obtain independent financial advice before entering into a Novated Leasing Agreement.
Things you need to know: Maxxia is an approved novated lease supplier on the NSW Health Administration Corporation Novated Leasing Panel. Maxxia is one of three approved suppliers of Novated Leases to NSW Health This general information doesn’t take your personal circumstances into account. Please consider whether this information is right for you before making a decision and seek professional independent tax or financial advice. Conditions and fees apply, along with credit assessment criteria for lease and loan products. The availability of benefits is subject to your employer’s approval. Maxxia may receive commissions in connection with its services. Actual vehicle prices are based on specific vehicle and accessories, prices and savings may vary based on additional options selected with vehicle. Maxxia does not act as your agent or representative in respect of the purchase of any vehicle. Maxxia does not provide any advice or recommendations in relation to the purchase of any vehicle. Any FBT liability incurred as a result of Novated Leasing Agreements will be the employee’s responsibility. Net annual and fortnightly benefits include 50% tax share arrangement with your employer.
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