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.
A novated lease with Smart helps you drive your salary further in many ways.
Check out our calculator for latest deals, and take advantage of our dealer network for competitive prices. For a new car, you instantly save an extra 10% as there’s no GST on the purchase price with a novated lease.^
Use your pre-tax dollars to pay for things like insurance, registration, fuel, maintenance and other running costs, such as car wash expenses. On top of this, you can get fleet pricing on your car’s servicing (including parts and labour) through our Vehicle Maintenance Program (VMP).
To help you get behind the wheel sooner, our complimentary car buying service can source and purchase a new car on your behalf. We can also arrange zero-pressure test drives, and even offer a Vehicle Disposal Program when it’s time to sell your car.
If you lease an eligible electric vehicle (EV) or plug-in hybrid (PHEV), 100% of the lease and car costs come from your income before tax.^^
So not only could you get the carbon efficiencies and amazing technology of an EV low-emissions vehicle, you could save thousands of dollars each year.
Find out more about how novated leasing works and how it could help you save.
FAQs
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, plug in hybrid 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 will only be eligible for the exemption if a quote is signed and returned to us on or before 31 March 2025.