More than Salary Packaging Your Fuel?

This is done in conjunction with a novated lease which we call “Novate One”.  Our Novate One product allows you to salary package the lease finance, insurances, fuel, servicing, maintenance, roadside assistance, motor club membership and even car washes via salary deductions that save you money on GST and income tax.

CLICK HERE TO SEE HOW “NOVATE ONE” CAN SAVE YOU

Some of Our Spring Sale Novate One offerings

One Car Group’s novated leasing options allow you to salary package your vehicle’s fuel costs, reducing your taxable income and saving money. This simple solution ensures financial efficiency while covering one of the largest running costs for any vehicle owner.

FAQs on Salary Package Fuel Savings

Yes, you can salary package fuel as part of a novated lease arrangement. This allows fuel expenses to be deducted from your pre-tax salary, reducing your taxable income and saving you money on one of the largest running costs of owning a vehicle.

 

The downside to salary packaging is that it may reduce your take-home pay as part of your salary is allocated to pre-tax deductions. Additionally, not all employers offer salary packaging, and the financial benefits depend on your individual tax bracket and circumstances.

 

A car doesn’t technically “add” to your salary but is treated as a pre-tax benefit through salary packaging. This reduces your taxable income, potentially saving you money. However, the cost of the car lease, running expenses, and any associated taxes will be deducted from your pre-tax income.