In­crease your em­ploy­ees’ dis­pos­able in­come

The Australian Education Reporter - - PROFESSIONAL DEVELOPMENT & SCHOOL MANAGEMENT -

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.

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