
Employer info
What’s a novated lease and how could it help my business?
Oly’s got all the answers
Employer info
Oly’s got all the answers
Imagine putting your employees behind the wheel of their dream car while also giving them the opportunity to save thousands of dollars in tax every year. That’s an Oly novated lease, and it’s an incredible perk you can offer to help your employees get the most out of their salaries.
By bundling car payments with driving costs like fuel, insurance, rego, servicing and even new tyres – and taking part of that payment from their before-tax salary (and, for eligible electric cars, the entire payment can be taken before tax), a novated lease could allow your employees to stretch their earnings further.
For too long, novated leases have been the kind of perk only big corporations could offer, but Oly’s changed the game by making them available to more people, no matter how small the business they work for. Not legend, legendary.
Oly makes it easy too, guiding employers through the whole process, from sign-up and setting up the automatic salary deductions and end-of-year reporting.
The heart of your business is your team, and scoring them a car with an Oly novated lease is a great way to keep your team happy.
Oly takes you through the details of novated leasing and shows you how easy it is to offer it to your team.
Helping your team get into their dream car while giving them the chance to score big tax savings? Way to earn that ‘World’s Best Boss’ mug!
Help your employees make the most of their pay by tapping into their before-tax salary, which is a great way to attract (and retain) the best team. Big businesses have been offering their employees novated leases for years, but Oly makes it easy for small-to-medium businesses to take advantage of them too.
Once you’re set up with Oly, you’ll get access to the Business Hub, your one-stop-shop for all your reports, signed agreements, and information requests, as well as a comprehensive help centre with videos, guides and answers to any questions you might have.
Create an account to get access to your Oly Business Hub, where you can communicate with Oly and access a one-stop-shop help centre.
Give your employee’s novated lease agreement the tick online so Oly can get them on the road quickly.
Add your direct debit banking details and Oly AutoPay (powered by Stripe) will handle the regular novated lease deductions, so you can focus on running your business.
The Small Business Association of Australia don’t bestow this honour to any old novated leasing provider willy-nilly. You’ve got to be made of legendary stuff, like Oly. Which means you can partner with Oly with absolute confidence.
Oly is Australian-owned and operated, and backed by the McMillan Shakespeare Group (MMS), one of Australia’s largest and most trusted salary sacrifice and novated lease providers. Oly's mission is to make novated leases available to more Aussies, not just people who work for big corporations.
A novated lease is an ATO-approved way of financing a car that bundles payments for the car with eligible on-road costs like fuel or recharging, insurance, rego, servicing and even new tyres. By taking part of the payment from the employee's before-tax salary (or all before tax if they use a novated lease to score an eligible electric car), a novated lease could end up saving them thousands of dollars in tax every year.
All employers need to do is help Oly set up the novated lease in your payroll processes and include the lease as part of your BAS and FBT reporting. Employers can pass the costs and fees associated with novated leasing to their employees, reducing the costs and inconvenience to your business. Get in touch to talk about the details.
By bundling all your employee’s eligible car-related costs – including the price of leasing the car itself - into one payment taken directly from their salary, Oly makes having and running a car easy and affordable. And since part of that payment is taken from their pre-tax salary (or entirely pre-tax in the case of eligible electric cars), your employee could get more from their salary and may pay less tax too. An employee would see that as a pretty significant perk of their job.
Oly is there with you all the way, from creating your account and signing your employee's novated lease agreement, to setting up the regular payments using Oly AutoPay (powered by Stripe). Oly's Business Hub includes all the information you need to complete your business activity statement (BAS) and fringe benefits tax (FBT) reporting, while the comprehensive help centre has step-by-step guides for setting up new employees, what to do if your employee leaves your business and more.
Complete the form and Oly will get in touch very soon.
Keen to talk now?
Give Oly a call on 1300 328 182.
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Excluding public holidays
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