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Learn how you could save on tax by salary packaging a car.
Novated leasing is ATO-approved and may help reduce the income tax you pay. It’s a three-way agreement between you, your employer and a finance company – with Smart™ doing the legwork to make things simple.
Use our calculator to see if your employer offers novated leasing.
This is general information only. Before entering into any salary packaging or novated leasing arrangement, you should consider your objectives, financial situation and needs, and seek appropriate legal, financial or other professional advice based upon your own particular circumstances. The availability of benefits is determined by your employer. Conditions and fees apply. Smartsalary Pty Ltd, ABN 24 096 796 100, a SmartTM company.
^GST is not payable on the purchase price of a vehicle financed through a novated lease (GST savings are calculated on the FBT base value of the vehicle, up to the claimable limit [$6,334 in FY 2024-25] unless exempt).
^^ Fringe Benefits Tax (FBT) exemption available for eligible electric or hydrogen cell vehicles purchased through a novated lease up to the Luxury Car Tax limit ($91,387 in FY 2024-25). Plug-in Hybrid Electric Vehicles with leases commencing from 1 April 2025 are not eligible for this exemption.
