Novated Lease and Pay Superannuation

Hi Tigasuku,

Thanks for explaining your scenario. If the novated lease pay item is set up under Superannuation, it may appear in Pay Super along with the usual Super Guarantee amounts. You may want to double-check that it’s set up as a deduction instead, and linked to the correct ATO reporting category. To be on the safe side, I’d highly recommend checking with your accountant on the best way to set it up so it doesn’t get included in Pay Super. 

Setting up and managing a novated lease is straightforward in Flare, as it guides you through the process in your file. If you’re not using Flare, you can check this guide shared by another user on how to handle novated leases.

Cheers,

Princess