Insights

A cost-of-living boost your team will appreciate

With rising fuel prices, interest rate rises and supply chain shortages all placing pressure on household budgets, employers are looking for meaningful ways to support their teams — without increasing salaries or adding business costs.

Why businesses are revisiting novated leasing now?

  • Ongoing fuel price volatility
  • Growing employee demand for practical cost-of-living support
  • Is available to businesses of any size (excluding sole traders)
  • Removes vehicle ownership risk or liability
  • Requires minimal administration (simple payroll deduction)
  • Has no impact on cash flow
  • Does not require business-use logbooks (but they can be used for business travel)
  • No fringe benefits tax (FBT) hassles

What your employees gain

  • Real, tangible cost-of-living relief
  • Huge tax savings
  • GST savings on vehicle purchase and running costs
  • Fully maintained vehicle (fuel/ electricity, servicing, tyres, insurance, registration, CTP)
  • Freedom to choose any car—new or used, petrol, diesel or electric
  • Vehicle stays with them if they change employers
  • National fleet card included

At a time when employees are feeling genuine financial pressure, novated leasing is proving to be a practical, tangible benefit that supports retention and engagement — without adding overhead to your business. Business owners and executives can also take advantage of novated leasing themselves, enjoying the same tax and running cost benefits.

Ready to make the most of your novated lease benefits?

Get in touch with our team today to review your current arrangement or explore whether a novated lease is right for you. We’re here to make EV ownership simpler and smarter.