1. Understanding Novated Leases & Salary Packaging
A novated lease allows employees to finance a vehicle and its running costs completely from pre-tax gross salary.
2. Frequently Asked Questions
❓ E-E-A-T Verified Answers
Frequently Asked Questions
Official Australian tax, superannuation, and take-home pay guidance grounded in current ATO rulings.
How does the Electric Vehicle (EV) FBT Exemption work?
Under the Treasury Laws Amendment (Electric Car Discount) Act, zero or low-emission vehicles under the $91,387 threshold are 100% exempt from Fringe Benefits Tax when leased via salary packaging.
How much tax can you save with an EV novated lease?
Individuals in the 30% to 45% tax brackets save between $4,000 and $8,000 annually by paying vehicle finance and running costs from pre-tax salary.