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a month ago
Hello, I have a casual staff member entering into a novated lease agreement which requires before and after payments to a lease company. I have zero idea on what I need to do to set it all up. Can you please talk me through what I am going to need to do to set up his weekly wages and payments, please? I know nothing about novated leases and salary sacrifice as this is my first employee who has gone down this track.
a month ago
Hi there @kl_vision,
The process you'd follow would typically be that of setting up salary scrifice for employee purchases. In this case, as there's a pre- and a post-tax component, you'd be looking at setting up two separate deduction categories where one would be exempt from PAYG Withholding.
We do have a thread which covers this same query - it may be helpful for you to have a read through to gain a better understanding regarding the process. Please see Setting up Novated Lease deduction for a Client's Employee.
Should you have any queries that weren't covered in the thread provided above, please let us know as we're happy to assist further.