In the highly complex and variable government sector employee benefits play an important role in attracting and keeping the best talent. Maxxia has supported clients in the public sector for over 35 years so you can count on us to deliver. And with our focus on financial performance, we’ll make sure you secure maximum value for your organisation.
“We originally had low participation rates in our employee benefits program. By increasing exposure and education for employees, we have seen growth and can measure where this growth is (in either salary packaging or novated leasing benefits). Benchmarking is such a valuable tool.”
Jason Richardson, People Policies & Systems - People Division at Department of Foreign Affairs and Trade
Our free benefits assessment benchmarks your program against industry peers, uncovers inefficiencies, and reveals untapped employee benefits potential. Using these insights, we create a customised benefits program to optimise value and boost employee participation.
For employees working in the public sector who took out a novated lease, Maxxia has enabled combined tax savings in excess of $67M^ in the past 12 months.
Five strategies to maximise value from your employee benefits program
^ Figures based on 1 January 2023 to 31 December 2023. The combined anticipated tax saving is an estimate only and is based on a) end-of-lease sales during that 10-month period and b) the average potential tax saving per employee. The average potential tax saving per employee is based on a) the estimated payroll tax savings of those employees over the life of the lease (having regard to their actual salary, lease term and budgeted pre-tax deductions over the life of the lease), b) the one-off dealer discounts applied at the point of sale and c) the GST that would have been payable upfront on the cost of the car. Refunds for Input Tax Credits have also been taken into account where relevant. For novated leases settled between 1 January 2023 to 31 December 2023. Calculations are based on current income tax rates and thresholds and will be subject to change from 1 July 2024 when the Commonwealth Government's Stage 3 Income Tax Cuts take effect.
