Salary Sacrifice for Department of Education Workers
Did you know that as a Department of Education and Training (DET) employee, you are eligible for a novated lease through salary sacrifice? Whether you’re a childcare worker, teacher, teacher’s assistant or anyone else employed through the DET, you can apply for a salary sacrifice car scheme and save money on your pre-tax income!
A Novated Lease is an arrangement whereby your employer agrees to finance your new or used vehicle and its running costs from your pre-tax income. We facilitate a three-way agreement between you, your employer and the finance company which allows you to save thousands by reducing your salary prior to tax. This is also known as Salary Packaging.
How does a Novated Lease work?