Election results in: Novated leasing to go ahead!

Savings ahead

Following the 7 September election result, Smartsalary is thrilled to be back to business as usual.

On 19 July, Tony Abbott announced there would be no changes to current Fringe Benefit Tax legislation should his party be elected to government. Further, in an open letter to the car industry dated 3 September, Prime Minister Elect Abbott and Treasurer Elect Joe Hockey again pledged that Labor’s proposed changes to FBT on salary packaged cars would be “null and void”.

Smartsalary will continue to offer novated leases to those who need it most, such as Defence members, teachers, nurses, charity workers as well everyday Australians in the private sector.

Thanks to the support of our clients and loyal staff, we’re really excited about what the future holds for us. In fact, we have been actively recruiting over the past few weeks to ensure that we are well positioned for future growth!

So what does this actually mean for you?

For existing customers with a novated lease, there will be no changes applied to your arrangements whatsoever, and you will be able to take advantage of the FBT savings available under the statutory method.  For anyone interested in getting a new lease, our dedicated team at Smartleasing is ready to help.

Visit our website to use our comprehensive novated leasing calculator for a free quote.

Deven Billimoria
Chief Executive Officer

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