If you’re wanting to save money on your next car using your pre-tax income, now you can. At Fleet Network, we’re NT’s leading salary sacrificing experts, and we’re here to help Darwin locals and people located right across the Northern Territory to leverage the power of salary sacrificing to secure a new car.
What is Salary Packaging?
Also referred to as salary sacrificing, salary packaging can save you thousands of dollars by making payments from your pre-tax earnings. Depending on the amount of money you earn, the financial benefits from choosing salary packaging can be significant. When payments are made before tax, it can help to reduce your overall taxable income, which in turn increases your take home pay and helps you pay less tax overall.
Salary packaging isn’t just limited to novated car leases. Depending on your employer, salary packaging in the Northern Territory can be applied to a range of other life expenses including home loan repayments, rent payments, super utilities and even entertainment and meals.
Here at Fleet Network, we specialise in salary sacrificing cars in Darwin, NT, and have helped thousands of Australians to save money each year through our national fleet discounts, and we can help you too.
Examples of Car Salary Packaging in NT
For a better understanding of how car salary packaging in the NT works, we’ve put together two real life examples of how salary sacrificing weighs up, when compared to choosing to personal finance your new car.
When it comes to car salary packaging, there is no minimum number of kilometers that you must clock up on the odometer to make these significant savings, but for the purpose of these examples we have estimated 15,000km’s per year, over a 5-year novated lease period – this represents an ‘average’ package.