Why Offer Benefits?
An important factor of running a successful business is keeping employees happy and providing them with incentive. By adding to an employee’s remuneration package, the employer will be contributing to an increased level of efficiency and productivity as well as help retain talented personnel, creating short-term and long-term advantages to both the employer and the employee!
Remunerator has a history of successfully operation providing Novated Lease & Salary Packaging Services across all states of Australia since 1991.
Over this period we have:
- Managed over 17,000 Novated Leases
- Managed over 150,000 individual salary packages
- Made over 20 million transactions
- Totalling more than $2.5 billion in benefit value
- Over 1,000 Employers under our administration
Why are Benefits Good for the Employer and Employee?
Not an asset or liability
Takes away the necessity of recording the car as an asset or liability to the business
Income tax deduction
Offers income tax paying entities an income tax deduction for all payments made under the agreement, including lease rental payments
Claim input tax credit
Offers employers registered for GST the ability to claim and input tax credit on any GST paid
If the employee leaves your organisation, a novated lease immediately becomes the employee’s responsibility
Boost employee morale
Employees recieve a pay rise at no extra cost to you
We manage the FBT & GST process
Employer of Choice
Contributes to your attraction and retention HR strategy to become an Employer of Choice
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