It’s a competitive labour market, and car salary packaging is a way that you can offer the same financial incentives that bigger businesses do to even the playing field.
There are no start-up costs or ongoing fees. All the expenses for car salary packaging are deducted from your participating employees’ salary.
Electric vehicle (EV) and plug-in hybrid (PHEV) adoption in Australia is set to explode. With the introduction of no Fringe Benefits Tax (FBT) for eligible* vehicles through a novated lease, these cars will be in high demand with your employees.
If your business qualifies to pay payroll tax, you may be able to minimise your payroll tax by reducing your employees’ taxable income through a novated lease arrangement.
The cost of living is going up, and vehicle related costs are one of Australia’s biggest household expenses. Car salary packaging gives you a meaningful and impactful way to help your employees save money.
It’s hard to find good people, and when you do you want to hold on to them. A novated lease is a strong retention tool. Over the past 12 months, only 4.4% of Flare leaseholders left their job since signing.
Flare’s innovative end-to-end process is better for you, your employees, and the environment. It eliminates paperwork, saves time and reduces the effort to apply and set up a novated lease from four hours to within ten minutes.
Through the free Flare benefits platform, you can give your employees access to car salary packaging alongside everyday savings with hundreds of retailers and much more, at no cost.
Our car experts have an extensive understanding of all cars, including electric vehicles and plug-in hybrid vehicles. We can help you to offer the significant savings available for eligible EVs and PHEVs to your employees, and build on your sustainability program.
If you have never had a novated lease before, we’ll help you understand it, get set up, and promote it within your business. We make it simple and easy. The whole set up process will take you less than 10 minutes with Flare.
You don’t need to adjust your payroll cycles. We offer the flexibility to tailor salary deductions and invoicing with direct debit to suit your business needs. It’s low-touch to administer with ‘set and forget’ salary deductions.
Flare’s dedicated team will manage the lease from start to finish directly with your employee, and provide any support they need along the way.
We help drive the adoption of salary packaging within your business through an educational and digitally led employee experience with our Flare app.
Find out the benefits and steps involved to get your business set up in minutes.
Offering novated leases to your employees won’t cost your business anything. There are no ongoing or management fees. The employees are responsible for the lease amount.
It’s not complicated to set up or manage your novated lease program with Flare. With our fully digital solution, we can help get you set up within minutes not hours.
If you’ve never had or offered a novated lease before, we can help you understand it and launch it to your staff.
We manage all day-to-day dealings with your staff about their novated lease, so there is no administrative burden on you.
Flare will manage the novated lease directly with the employee. They are available to provide support.
On average people with a Flare novated lease save $20,000 on their vehicle purchase price, running costs, and tax over the course of ownership.
Your employees benefit from before-tax savings on all the running costs of their vehicle, so they have nothing left to worry about. This includes fuel, service and maintenance, rego and CTP (NSW), and insurance.
Flare uses the Employee Contribution Method (ECM) for FBT, closely managing this directly with employees to help ensure that there is no FBT liability on your business.
Note : * The vehicle must be at first sale less than the luxury car tax threshold for fuel efficient vehicles which is $89,332 as of the 1st of July 2023.