Novated Leasing is equivalent to an instant payrise, it is a fantastic staff benefit that is used by smart employers to help attract, retain and reward employees.
The EV and PHEV FBT exemption supercharges these benefits even further. All finance and running costs on an eligible EV or PHEV are deducted from your pay 100% pre tax, with $0 FBT liability. That results in a 100% tax saving and makes an EV or PHEV incredibly affordable.
Most employees need to own a motor vehicle and in most cases it will be financed via a lease, personal loan or home loan re draw. These products provide no fleet discount, no GST saving and no income tax savings.
Our objective is to provide friendly, unbiased information to help employees understand the product and enable them to make a well informed, intelligent choice.