3 Reasons to Offer a Novated Lease to Your Employees
1. Your Employees Get to Drive New Cars
Who doesn’t love the idea of driving a brand new car? By offering a novated lease to your employees, you can make it possible for them to drive a brand new car at a cost that will be affordable for them. This can be a great perk for the employees who you would like to keep happy. When you see all of the new cars parked in the parking garage or parking lot at your business, it’s sure to make you — and all of your employees — happy.
2. Increase Your Employees’ Incomes
If you ask your employees about the perks that they would enjoy and appreciate the most, many of them might say that they would love to get a raise. With a Novated Lease at https://www.strattonfinance.com.au/novated-lease, they can actually enjoy more of their incomes. This is because they can use their pre-tax incomes to help pay for the cars that they lease, allowing them to make use of more of their money. This can also help them pay less taxes overall, since their annual post-tax incomes will be so much lower. It’s like giving your employees a raise.
3. It Isn’t Risky for You
Even though it might be important to you to provide your employees with perks and compensation, you may want to avoid doing things that are overly risky for your business. Luckily, a novated lease is not a risk for your business at all. This is because the novated lease will end if your employee no longer works for your company, so it will not be something that you have to worry about.