Maxxia

1. Core Services

Maxxia primarily acts as an intermediary between employers and employees to manage "salary sacrifice" arrangements. Their main offerings include:

• Salary Packaging: Allowing employees to pay for everyday expenses (like rent, mortgages, or dining out) using pre-tax dollars. This reduces taxable income, meaning the employee effectively takes home more pay.

• Novated Leasing: This is their "bread and butter." Maxxia helps employees lease a car where the lease payments and running costs (fuel, insurance, servicing) are deducted from their salary before tax.

• Fleet Management: Beyond individual leases, they provide vehicle fleet services for large organizations, managing everything from acquisition to maintenance.

2. The Maxxia & McMillan Shakespeare Relationship

While Maxxia is the consumer-facing brand most employees interact with, McMillan Shakespeare is the corporate powerhouse behind it.

• The Parent Company: MMSG is a top-tier Australian company that manages billions in assets. They acquired Maxxia (and its sister brand RemServ) to dominate the Australian market.

• Industry Focus: They specifically target large sectors such as Federal and State Governments, major health groups (nurses and doctors often have high packaging limits), and charitable organizations.

• Digital Tools: Maxxia provides a suite of tech, such as the Maxxia Wallet (a card for spending your living expenses/meal entertainment budget) and the My Maxxia app for tracking claims.

3. Key Benefits for Employees

If your employer uses Maxxia, the primary goal is usually tax optimization.

• GST Savings: On a novated lease, you typically don’t pay GST on the purchase price of the car or the ongoing running costs.

• FBT Exemptions: They are experts at navigating Fringe Benefits Tax (FBT), especially for employees in "Public Benevolent Institutions" (charities) or hospitals who get higher tax-free thresholds.

• Electric Vehicle (EV) Incentives: Under current Australian law, many EVs are FBT-exempt, making Maxxia’s novated leases for Teslas or other EVs particularly popular right now.

4. Important Considerations

While Maxxia is a leader in the space, there are a few things to keep in mind:

• Admin Fees: Maxxia charges a fee to manage your account. These are usually paid out of your pre-tax salary, but it's worth checking how they impact your total savings.

• Employer-Specific: Your specific benefits depend entirely on your employer’s agreement with Maxxia. Not every company offers the same "perks" or packaging limits.

Note: If you are considering a novated lease or salary packaging through them, it is always a good idea to use their online calculators first to see the "bottom line" impact on your take-home pay.