Novated leasing offers numerous advantages to small and medium businesses. By making it more affordable to drive a new or used car, novated leasing can be a highly attractive employee benefit, especially when coupled with growing cost-of-living pressures. •

• Employees can save on tax by making salary sacrifices
• Employees can enjoy a tax-free benefit by leasing an electric car
• Novated leasing provides a fringe benefits tax exemption for eligible electric cars

These benefits can help businesses to reduce their employees’ cost-of-living pressures and provide a competitive advantage in attracting and retaining top talent. By offering a novated lease, businesses can demonstrate their commitment to their employees’ well-being and financial stability. A novated lease allows employees to lease a new or used car without paying an upfront deposit, which can help to smooth out their budgeting. This can be particularly beneficial for employees who may have high upfront costs associated with buying a new car. The Government’s EV discount offers a fringe benefits tax exemption for eligible electric cars, which fall under Australia’s luxury car tax threshold. A novated lease is the only way to unlock this discount, making it an attractive option for businesses looking to reduce their employees’ taxable income. Novated leasing is not just a benefit for employees; it can also be a valuable asset for small and medium businesses. By offering a novated lease, businesses can:
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• Attract and retain top talent
• Reduce turnover and improve employee retention
• Enhance their reputation as a desirable employer

However, setting up a novated lease can be a complex process, which is why it’s essential for businesses to have access to the right tools and assistance. Oly is here to support businesses by providing the necessary resources and guidance to ensure a seamless experience. Oly is specifically designed for small and medium businesses, making it easy for them to offer novated leases to their employees. The platform provides a range of benefits, including:
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• Automatic deductions for employees
• Sign-up and setup support
• Guidance on BAS and FBT reporting

With Oly, businesses can enjoy a hassle-free experience, from sign-up to setting up automatic deductions. The platform is designed to be user-friendly, making it easy for businesses to navigate the novated leasing process. A novated lease can be a game-changer for small and medium businesses looking to offer attractive employee benefits. By providing a tax-free benefit and reducing employees’ cost-of-living pressures, novated leasing can be a valuable asset for businesses looking to attract and retain top talent.

How Oly Supports Small and Medium Businesses

Oly is dedicated to supporting small and medium businesses in their novated leasing journey. The platform provides a range of benefits, including:

Oly’s team of experts is on hand to provide advice and assistance with any part of the process. With Oly, businesses can enjoy a hassle-free experience, from sign-up to setting up automatic deductions.

Unlock the Benefits of Novated Leasing

By offering a novated lease, businesses can unlock a range of benefits, including:
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• A tax-free benefit for employees
• A reduction in employees’ cost-of-living pressures
• A competitive advantage in attracting and retaining top talent
• A fringe benefits tax exemption for eligible electric cars

Oly is the perfect partner for small and medium businesses looking to offer novated leases to their employees. With its user-friendly platform and dedicated support team, Oly makes it easy for businesses to navigate the novated leasing process.

Get Started with Oly Today

If you’re ready to unlock the benefits of novated leasing, get in touch with Oly today. Our team of experts is here to guide you through the process and ensure a seamless experience.

“Oly has been a game-changer for our business. By offering a novated lease, we’ve been able to attract and retain top talent, while also reducing our employees’ cost-of-living pressures. We couldn’t be happier with the service and support Oly has provided us.” – Business Owner

Oly is committed to providing a hassle-free experience for small and medium businesses. By offering a novated lease, businesses can provide a valuable benefit to their employees, while also reducing their own costs. With Oly, businesses can enjoy a seamless experience, from sign-up to setting up automatic deductions.

Affordable Novated Leasing Solutions

Oly offers a range of affordable novated leasing solutions, designed to meet the needs of small and medium businesses. With its flexible pricing options, businesses can enjoy a hassle-free experience, while also reducing their employees’ cost-of-living pressures. Oly’s novated leasing solutions are designed to be user-friendly, making it easy for businesses to navigate the novated leasing process. With its affordable pricing options, businesses can enjoy a seamless experience, from sign-up to setting up automatic deductions. Oly’s novated leasing solutions are perfect for small and medium businesses looking to offer attractive employee benefits. By providing a tax-free benefit and reducing employees’ cost-of-living pressures, Oly’s novated leasing solutions can be a valuable asset for businesses looking to attract and retain top talent. By getting in touch with Oly today, businesses can unlock the benefits of novated leasing and enjoy a hassle-free experience, from sign-up to setting up automatic deductions. With Oly, businesses can provide a valuable benefit to their employees, while also reducing their own costs.

Conclusion

In conclusion, novated leasing offers numerous advantages to small and medium businesses. Oly is the perfect partner for small and medium businesses looking to offer novated leases to their employees.