What is Salary Packaging and Novated Leasing?
Salary Packaging allows employees to exchange part of their pre-tax income for non-cash benefits, reducing taxable income and boosting take-home pay. Novated Leasing, a popular option, lets employees lease a vehicle and cover running costs - like fuel and insurance - using pre-tax earnings. With Simplygreen managing all the hassle, employers face no extra effort while offering benefits that attract and retain staff.
Empowering your company with workplace benefits that save thousands.
In today’s competitive employment market, offering Salary Packaging and Novated Leasing isn’t just a perk - it’s an expectation. By providing these benefits, you give your employees an opportunity to maximise their take-home pay while simplifying major purchases, like vehicles. This not only attracts top talent but also enhances employee satisfaction and retention.
Customer Testimonials
Salary Packaging Example
Under this arrangement, employees agree to exchange a portion of their salary for non-cash benefits provided by their employer. These benefits are excluded from the employee’s taxable income, offering a tax-effective way to maximise their earnings.
For example, if you were to package a salary of $120,000, so you receive:
- $20,000 as a car benefit (towards your Novated Lease)
- $100,000 as income
This reduces your taxable income to $100,000, meaning you pay no tax on the $20,000 going towards your Novated Lease (this is where the tax savings come from!).
Making It Simple
The great thing about outsourcing to a leading provider like Simplygreen is that we make it simple and easy to manage – we’ll take care of it all:
- Staff training
- ATO compliance
- Accurate and timely reporting
- Staff education sessions
- No extra admin costs for the company
- Professional support and advice
Why choose Simplygreen?
We cover all the standard essentials, like ATO compliance, reporting, and support - but we don’t stop there. At Simplygreen, we believe in using business as a force for good. As the only Salary Packaging and Novated Leasing provider with B Corp certification, we’re also proud members of 1% for the Planet and a Climate Active organisation.
We actively promote electric vehicle adoption, reduce carbon footprints, and support environmental initiatives through partnerships and donations. With Simplygreen, you’re not just offering great benefits - you’re driving positive change for the planet.
How to get your company started
Step 1: Get started by submitting an inquiry with Simplygreen. Our account management team will assess your business needs during a discovery call. Setup requires minimal paperwork, followed by an onboarding session to guide you through payroll administration and employee education for the new benefits.
Step 2: Employees can receive personalised consultations to understand the benefits and costs of salary packaging. After signing agreements, Simplygreen will manage the necessary pre- and post-tax deductions and provide invoices aligned with your payroll cycle.
Step 3: Simplygreen manages running cost accounts for Novated Leases, covering expenses like finance, fuel, and insurance. Reimbursements are processed within four business days, and disbursements for salary-packaged items are completed within two business days of receiving funds.
Committed to Sustainability and Social Impact
Simplygreen became a certified B-Corp in 2020, reflecting our commitment to the highest social and environmental standards. In 2024, we proudly improved our score to 99.5, reinforcing our dedication to creating a sustainable and inclusive impact across every aspect of our business. Simplygreen is also a proud 1% for the Planet Member, supporting vital environmental causes with 1% of our annual sales, and Climate Active Certified, achieving net zero emissions.
Discover the benefits of Salary Packaging & Novated Leasing for you.
Salary Packaging & Novated Leasing for your company
Boost employee satisfaction and retention by offering Salary Packaging and Novated Leasing, helping your team save on taxes and drive the car of their choice.