Increase your employees’ disposable income
LIKE other keystone sectors in our community, the Australian Tax Office makes generous concessions for the education sector, giving teachers and staff more opportunity than most to increase their disposable income.
Salary packaging isn’t new; at the discretion of their employer, employees can pay for certain ongoing and ad- hoc expenses from their pre- tax salary, lowering their taxable income and increasing take- home pay.
One such benefit – novated leasing – relates to the purchase and running of motor vehicles, and for the last 18 years education sector specialist Selectus has helped employees save thousands of dollars on their cars.
Selectus National Manager Client Services Jonathan Herman says that, in his experience, customers appreciate the ease and affordability of car ownership with a novated lease.
“Once they know the car they want, we do the organising – delivering the car to their door, and liaising with their employer to set up the salary packaging arrangement. The finance and running costs are bundled together into a regular payment on payday, and with running costs paid from the pre- tax income, employees save at least 30% on their vehicle expenses,” he said.
“These benefits are particularly good for schools - they’re highly valued by employees, and there’s no cost or administrative burden to the organisation. Once we’re appointed, we customise a program to meet the school’s needs, and manage the set-up and ongoing administration.”
Selectus is trusted to deliver salary packaging services to over 1800 Catholic and Independent schools across Australia.
For more information, visit: selectus.com.au
For over 18 years Selectus has helped education sector employees get into their dream car through novated leasing.