Novated Leasing for employers Calcaulator Smart Drive Salary Packaging Calculator Find out what kind of savings you can achieve!

What is a novated lease?

A novated lease is an arrangement between an employer, an employee and a finance company, which allows the employee to salary package the lease payments and running costs of a car of their choice, for 100% private use.

The lease payments for the vehicle and running costs are paid from pre-tax pay, therefore your employees benefit from paying less tax. This type of lease is a tax effective alternative to buying a car outright.

About us

Prosperity Smart Drive was established in 2001 and is one of the leading providers of vehicle leasing services in Australia. Our team supports a broad client base ranging from public hospitals, to aged care facilities, charities, religious organisations, government agencies (local and state), universities, private schools, listed corporations and private businesses. 

In addition to vehicle leasing services, Prosperity also offers:

  • Independent lending advice
  • Wealth management
  • Business advisory
  • Taxation
  • Corporate assurance.

How we work

Our innovative end-to-end vehicle service reduces employee tax by utilising their pre-tax pay to cover lease payments and running costs.

For employers:

  • We develop strong relationships with you and relevant employees
  • We visit your organisation regularly to assist interested employees
  • We conduct annual strategic planning sessions focussing on ‘take up rates’, future employee education and our marketing activities
  • We continually invest in quality resources with ongoing training to ensure high level technical and customer service skills.

Why outsource?

Removes pressures Delivers outcomes
Administration burden Effective component to remuneration and benefits strategy
Resourcing pressure on payroll, finance and human resources Advantages to both you and your employees without increasing costs or administration
Need for systems to automate FBT and GST, payments and reimbursements Supports employee attraction and retention

Whether you are looking at ways to reduce the number of company vehicles on your books or simply allowing your employees the best options for buying their next car, novated leasing has something for everyone.

Benefits to your employees

A novated lease provides a range of benefits to employees, including;

  • They choose the vehicle and the lease period that best suits their needs
  • They won’t pay GST on the purchase of their car or on its operating expenses
  • Reduces their income tax through salary packaging the lease payments and running costs
  • Simplified budgeting with all costs managed directly through regular payroll deductions
  • Leases can be transferable between employers
  • Flexible contract terms are available, ranging from one to five years
  • A dedicated Prosperity Smart Drive consultant will manages the whole process.

Protecting Your Investment:

Prosperity is an authorised reseller of MotorOne quality vehicle protection products, designed to give you peace of mind when it comes to maintaining your new car. Products include:

  • Premium Window Tint
  • Paint Protection
  • Seat and Interior Protection
  • Vehicle Digital Video Recorders
  • Minor Scratch and Dent membership


Specialists

Adam Sealey
Adam Sealey
Manager, Business Services and Taxation
Aidan Vuocolo
Aidan Vuocolo
Manager, Business Services and Taxation
Alex Hardy
Alex Hardy
Director of Corporate Assurance
Allan McKeown
Allan McKeown
Founder and Chief Executive Officer
Angela Redfern
Angela Redfern
Manager, Business Services and Taxation
Andrew Hibbert
Andrew Hibbert
Associate Director, Self Managed Superannuation and Offshoring
Ben Hailstone
Ben Hailstone
Associate Director of Business Services and Taxation
Ben Travers
Ben Travers
Associate Director and Financial Adviser
Brenden Yantsch
Brenden Yantsch
Director of Business Services and Taxation
Brendan Campbell
Brendan Campbell
Director of Business Services and Taxation
Charles Yuan
Charles Yuan
Manager, Taxation Services
Colin Samuel
Colin Samuel
Director of Business Services and Taxation
David Pennell
David Pennell
Director of Business Services and Taxation
Deborah Smith
Deborah Smith
Senior Manager, Business Services and Taxation
Edwin Tan
Edwin Tan
Internal Audit Senior Manager, Corporate Assurance
Gerhard Jordaan
Gerhard Jordaan
Associate Director of Business Services and Taxation
Emma Hutchinson
Emma Hutchinson
Internal Audit Manager, Corporate Assurance
Grant Howard
Grant Howard
Senior Manager, Business Services and Taxation
Hani Omran
Hani Omran
Senior Lending Adviser
Hayley Wilson
Hayley Wilson
Client Relationship Manager, Employee Benefits
Johnathon Sauer
Johnathon Sauer
Supervisor, Business Services and Taxation
Kay Agcaoili
Kay Agcaoili
Manager, Business Services and Taxation
Charlotte Morgan
Charlotte Morgan
Manager of Human Resources
Laura Beattie
Laura Beattie
Manager, Business Services and Taxation
Lidia Lenhardt
Lidia Lenhardt
Internal Audit Manager, Corporate Assurance
Lucy Fisher
Lucy Fisher
Supervisor, Business Services and Taxation
Mark Welsh
Mark Welsh
National Employee Benefits Manager
Michael Kinniard
Michael Kinniard
Senior Manager, Business Services and Taxation
Megan Smith
Megan Smith
Director of Business Services and Taxation
Nadine O'Brien
Nadine O'Brien
Operations and Compliance Manager
Nestor Tindugan
Nestor Tindugan
External Audit Senior Manager, Corporate Assurance
Nya Murefu
Nya Murefu
External Audit Supervisor, Corporate Assurance
Peta-Ann MacNicol
Peta-Ann MacNicol
Senior Manager, Business Services and Taxation
Melissa Rowe
Melissa Rowe
Chief Operations Officer
Ryan Findlay
Ryan Findlay
Associate Director and Chief Technology Officer
Sascha Kass
Sascha Kass
Manager of Marketing and Communications
Shannon Chen
Shannon Chen
Supervisor, Business Services and Taxation
Sharon Profke
Sharon Profke
Manager, Business Services and Taxation
Stuart Birkbeck
Stuart Birkbeck
Manager, Business Services and Taxation
Ty Standen
Ty Standen
Consultant, Employee Benefits
Zubin Kaiser
Zubin Kaiser
Supervisor, Business Services and Taxation
Sam Gadani
Sam Gadani
Director of Business Services and Taxation
Siobhan Sellick
Siobhan Sellick
Director of Business Services and Taxation
Steve Gagel
Steve Gagel
Director of Business Services and Taxation