The implications of salary packaging a motor vehicle through a novated leasing arrangement, including tax savings will depend on your individual circumstances. The information in this publication has been prepared by Remuneration Services (Qld) Pty Ltd for general information purposes only, without taking into consideration any individual circumstances. Before acting on any information or entering into a novated leasing arrangement, you should consider your objectives, financial situation and needs, and, take the appropriate legal, financial or other professional advice based upon your own particular circumstances. The Queensland Government strongly recommends that you obtain independent financial advice prior to entering into, or changing the terms of, a salary packaging arrangement.
Remuneration Services (Qld) Pty Ltd does not provide you with any form of financial, taxation or financial product advice on the relative merits of novated leasing or on any other basis. You should seek your own independent professional advice before making a decision with respect to novated leasing. Remuneration Services (Qld) Pty Ltd may receive commissions or rebates in connection with some services it provides or arranges to be provided by third parties.
While all reasonable care has been taken in producing this information, Remuneration Services (Qld) Pty Ltd do not warrant the accuracy or completeness of this information and will not be liable for, or in connection with, any loss or damage suffered as a result of any inaccuracies, errors or omissions or your reliance on this information. Subsequent changes to content on this site may occur at any time and may impact on the accuracy of the information.
All examples as provided on this website are for illustrative purposes only and have been prepared without consideration of your personal circumstances. Some of the listed products attract Fringe Benefits Tax (FBT). The supply of novated leasing services is subject to the Remuneration Services (Qld) Pty Ltd terms and conditions, the Queensland Government Novated Lease Services Policy and, where applicable, finance approval (available on application) and conditions and merchant acceptance.
In all examples PAYG tax rates effective 1 July 2020 have been used, and Fees and Charges are excluded. Tax, benefit & Medicare levy calculations are approximate, and assumes no other taxable income is received. HECS/HELP repayments and taxation surcharges are excluded.
Remuneration Services (Qld) Pty Ltd offers a payment and reimbursement claim facility. Please note, this can only be fulfilled if adequate funds are in the employees novated lease account at the time of the claim. For payments if there are insufficient funds to meet the request Remuneration Services (Qld) Pty Ltd will be unable to make payment. For reimbursements if there are insufficient funds to meet the request Remuneration Services (Qld) Pty Ltd will make partial payments. Remuneration Service (Qld) Pty Ltd does not warrant that the use or operation of this site will be uninterrupted or error free or that the site is suitable for any particular purposes or has any performance, functionality or security features except as required to be provided by law.
We have provided links to other sites that may be of interest to you. Remuneration Services (Qld) Pty Ltd does not endorse or recommend any product or service provided by any of the companies for which links are provided.