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Read through our insights to learn more about Salary Packaging.
Big savings on Electric Vehicles – A Great Salary Packaging Opportunity with Significant Tax Savings on Offer
Prosperity Tax Manager Charles Yuan discusses the significant opportunity for employees in the market for a new car to increase their take home pay, and an equally considerable opportunity for employers to reduce their FBT liabilities.
Read more here.
Understanding your Smart Drive Budgets
After the excitement of getting a new car, it’s good to remember that the purpose of a novated lease is to save you money through salary packaging. This is done by reducing the amount of tax you pay for car expenses that you otherwise would need to pay direct from your wallet.
Read more here.
WEX Motorpass Card, Roadside Assistance, and the Prosperity Salary Packaging App
Prosperity Smart Drive clients are all provided with a WEX Motorpass fuel/fleet card, that allows you to buy fuel at almost 95% of service stations nationally, including servicing, maintenance, and tyres.
Read more here.
Using Meal Entertainment
If you are an employee of a public hospital, charitable, or medical research organisation, you’ve probably heard of meal entertainment. It’s all about being able to eat out at a café or restaurant and claim it from your pre-tax salary – meaning you save even more on tax!
Read more here.
Remote Area Housing Benefit
Employees living and working in designated remote areas (as defined by the ATO) may qualify for ‘remote area housing assistance’. The accommodation claimed must be the employee’s usual place of residence during the FBT year in which it is claimed.
Read more here.
How does a novated lease work?
Salary Packaging a car has never been easier than right now with Prosperity Smart Drive. Whether you are looking to buy a new car, a used car, or even refinancing your existing car, we can help you to get the best tax saving and to be driving the car you’ve always wanted.
Read more here.
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