Wanting to save money on your next car? Now you can by salary sacrificing and using your pre-tax income. Here at Fleet Network, we’re known for being SA’s leading salary sacrificing experts, and we’re here to help Adelaide locals leverage the power of salary sacrificing to secure a new car.
What is Salary Packaging?
Also commonly known as salary sacrificing, salary packaging can help you save thousands of dollars by making payments from your pre-tax earnings. The financial benefits from choosing salary packaging can be significant, depending on the amount of money you earn. 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.
Depending on your employer, salary packaging in South Australia can be applied to a range of other important life expenses including rent payments, home loan repayments, super utilities and even entertainment and meals.
At Fleet Network, we specialise in salary sacrificing cars in Adelaide and have helped thousands of South Australians on saving money each year through our national fleet discounts, and we’re here to help you too.
Examples of Car Salary Packaging in SA
For an easier way of understanding how car salary packaging in SA works, we’ve put together two real life examples of how salary sacrificing compares when choosing to personal finance your new car.
When it comes to car salary packaging, there is no minimum number of kilometers you need to achieve to make these significant savings. However, for the purpose of these examples we have estimated 15,000km’s per year, over a 5-year novated lease period – representing an ‘average’ package.
Note: if you’d like to see a salary packaging savings example tailored to your income and specific make and model of vehicle you’re wanting to buy, give us a call on 1300 738 601 or email our team today.