1. Living Expenses
Accelerate your savings.
As a WA Health employee you’re entitled to many salary packaging benefits, including meal, entertainment and living expenses cards – but there are also caps for how much you can package.
Here’s the secret, there’s a salary packaging cap workaround that many forget – a novated lease. It lets you:
- – Get a lower price on a new car
- – Choose any car under 10 years old
- – Package your current car, or family member’s car
- – Reduce your car running costs, including fuel
One way it saves you even more is a Paywise Novated Lease covers your car’s running costs and lease payments without having to dip into your other capped salary packaging accounts. Setting it up just takes one quick switch that you can make today.
Depending on your Industrial Award and Agreement, a Paywise Novated Lease will allow you to package more on superannuation, laptop computers, general living expenses, meals & entertainment, mortgage repayments, rent, credit card payments and education resources.
Are you wasting your Paywise Living Expense card cap on car costs?
With a novated lease through Paywise you can access the more savings on fuel, servicing, running costs, rego, insurance and even car finance payments.
Why not access all the additional savings with your current car? It’s simple to set up and you’ll salary package your automotive expenses and have more room in your living expense benefit for more savings.
So, don’t use your Paywise card. Even $50 spent on fuel per fortnight will eat up $1,300 of your annual benefit. You have better things to spend that kind of money on.
Be wise, get behind a novated lease and drive more savings as a WA Health employee.
*The figure is based on salary packaging a vehicle with a value of $25,000 via a Novated Lease over 5 years travelling 15,000km per year with a taxable salary of $70,000 per annum. Contact Paywise on 1300 132 532 to provide us with your salary so we can do a calculation related to your situation. The calculation is only designed to give an estimate of the savings you may achieve and is not intended as a replacement for professional financial advice.
Contact us for more information about your novated lease.
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