What costs can be packaged inside an EV novated lease?

Vehicle finance lease payments, electricity charging/fuel, comprehensive insurance, servicing, registration, and replacement tires.

Can an employee save on GST when buying a car through a novated lease?

Yes, you save up to $6,334 in upfront GST on the vehicle purchase price, as the leasing company claims the GST input credit.

AustralieNovated Lease & EV FBT Exemption (Salary Sacrifice)Finance

Australia Novated Car Lease & Electric Vehicle FBT Exemption Calculator

Calculate annual income tax and GST savings through salary packaging a novated car lease in Australia, featuring the Electric Car Discount (100% Fringe Benefits Tax FBT exemption for eligible zero-emission electric vehicles under the Luxury Car Tax threshold $91,387).

Automobile et Véhicules Salaires et Rémunérations Impôts et Taxes

Données du Simulateur

En temps réel

Vehicle Driveaway Price (AUD $ - Under $91,387 for EV FBT Exemption)

AUD $

Sélection rapide :

Annual Running Costs (Insurance, Charging/Fuel, Tires, Rego) (AUD $)

AUD $

Sélection rapide :

Employee Marginal Tax Bracket + Medicare Levy (%)39 %

16 %47 %

Résultat CalculéNovated Lease & EV FBT Exemption (Salary Sacrifice)

Net Monthly Paycheck Reduction (Drive Brand New EV All-Inclusive)

823.5AUD $/mo

Annual Income Tax Saved via EV FBT Salary Packaging

6,318 AUD $/mo

Upfront GST Saved on Car Purchase (Capped at $6,334)

5,909.09 AUD $/mo

Détail du Calcul

Total Pre-Tax Packaged

16,200 AUD $/mo

Income Tax Saved / Yr

6,318 AUD $/mo

GST Purchase Shield

5,909.09 AUD $/mo

Net Monthly Cost

823.5 AUD $/mo

Méthodologie de Calcul

Pre-Tax Salary Deduction = Annual Lease & Running Costs. Annual Income Tax Saved = Pre-Tax Deduction * Marginal Tax Rate%. GST Savings on Car Price = min(Vehicle Price * (1/11), $6,334).

Avertissement Légal et Pédagogique

Electric vehicles and plug-in hybrids under the LCT threshold ($91,387) are 100% exempt from FBT, allowing all finance payments and running costs (charging, insurance, maintenance) to be paid completely from pre-tax salary.

Ce simulateur est conçu à des fins éducatives et informatives. Les résultats ne constituent pas un conseil financier, fiscal ou juridique contraignant.

Foire Aux Questions

Under the Electric Car Discount, zero-emission EVs below the Luxury Car Tax threshold ($91,387) are 100% exempt from FBT, allowing all payments to be made pre-tax.

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Australie

Australia Novated Car Lease & Electric Vehicle FBT Exemption Calculator

Données du Simulateur

Détail du Calcul

Méthodologie de Calcul

Avertissement Légal et Pédagogique

Foire Aux Questions

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