Novated
Lease
sgfleet products/services
What is a Novated Lease?
A Novated Lease is simply an arrangement between an employee,
their employer and sgfleet. A Novated Lease will allow a driver to save
money on their next personal motor vehicle and operate it in a tax and
cost effective manner. This is a salary packaging arrangement.
Benefits of an sgfleet Novated Lease Program
Financial
A portion of the vehicle finance and running costs
are paid using pre-tax dollars, potentially providing
income tax and GST savings
Vehicles may be financed net of GST
Additional savings can also be achieved through
sgfleet’s purchasing power
More can be saved with sgfleet’s national network
Flexibility
A Novated Lease gives the flexibility to:
Decide the term of the lease
Add extras to the vehicle including window tinting and
dvd players that are paid with pre-tax dollars
Choose any vehicle, new or used, including a quality
ex-lease vehicle from sgfleet. A list of current vehicles
for purchase can be found at www.sgfleet.com
of maintenance suppliers
Convenience is everything, so a fixed payment option
Experience. sgfleet is a global fleet management
that is in line with the payroll cycle is managed by
company with over 25 years’ experience and offers
sgfleet and the employer and enables any employee
expert knowledge, great savings and superior service
to enjoy the benefits of hassle free budgeting with lease
on a full suite of Fleet Management Services and Salary
payments being fixed for the term of the arrangement.
Packaging solutions.
Want to know more? Discover the benefits and savings
that can be achieved with a Novated Lease.
Visit www.sgfleet.com or contact sgfleet on 1800 743 262
or [email protected]
Novated Lease
Novated Lease Example
Vehicle
SUV Medium
Vehicle Cost
$33,604
Annual Km’s
20,000
Term
48 months
Salary
$80,000
DESCRIPTION
PERSONAL FINANCE
sgfleet NOVATED LEASE
Gross salary
$80,000
$80,000
Less pre-tax deduction
N/A
-$8,795
Revised salary
$80,000
$71,205
Less income tax
-$19,134
-$16,056
Sub-total
$60,866
$55,179
Less after tax cost / post-tax deduction
-$16,002
-$6,329
Take home pay after tax and vehicle costs
$44,864
$48,850
Includes: finance, fuel, tyres, registration, maintenance, roadside assist, comprehensive insurance.
Save $3,986 per annum = $332 per month!
$1,333 per month without a Novated lease | $1,001 per month with a Novated Lease
Need to better understand the savings that are available?
As individual financial situations are different, sgfleet has designed a
calculator available at www.sgfleet.com to assist with understanding
the savings that are available
Want to know more? Discover the benefits and savings
that can be achieved with a Novated Lease.
Visit www.sgfleet.com or contact sgfleet on 1800 743 262
or [email protected]
Calculations are based on 2015/16 ATO tax rates, individual savings may vary.