1754 Main North Road
Salisbury Plain, SA 5109
08 8250 6999
56 Sunderland Street
Moonah, TAS 7009
03 6108 8444
179 Gladstone Street
Fyshwick, ACT 2609
02 6239 1188
36 Hickman Street
Winnellie, NT 0821
08 8901 6333
36-40 Harp Street
Belmore, NSW 2192
02 9704 6690
4 Gordon Luck Avenue
Altona North, VIC 3025
03 9922 6555
21L Yarrandale Road
Dubbo, NSW 2830
02 6884 7322
144 Moorebank Avenue
Moorebank, NSW 2170
02 8778 2700
180 Philip Highway
Elizabeth South, SA 5112
08 8200 9900
37-39 Armstrong Street
Tamworth, NSW 2340
02 6760 7211
110 Lamington Avenue
Eagle Farm, QLD 4009
07 3868 9999
14 Tapnor Crescent
Brendale (entry via South Pine Road), QLD 4500
07 3632 9400
787 Ingham Road
Bohle, QLD 4818
07 4774 5566
Cnr of Phoenix and Sudlow Roads
Bibra Lake, WA 6163
08 6595 0777
62 Grogan Road
Perth International Airport, WA 6105
08 9267 8888
150 Bulls Garden Road
Gateshead, NSW 2290
02 4946 2010
2 Brown Street
Alice Springs, NT 0871
08 8953 4290
41-45 McIntyre Road
Sunshine, VIC 3020
(03) 9009 3111
*Disclaimer
*Disclaimer
*Disclaimer
This Novated Lease Calculator provides an estimate based on applicable personal income tax rates and information you have provided. The estimated amounts are calculated using several assumptions including an applicable benchmark finance lease rate, and indicative costs for items such as, comprehensive insurance, registration, servicing and maintenance, tyre replacement, and energy or fuel as applicable. The estimated amounts are determined on the basis that costs will be deducted from your pre-tax and post-tax salary. For vehicles that meet eligibility criteria under current legislation, such as certain battery electric vehicles and hydrogen fuel cell electric vehicles, post-tax contributions may not be required. Eligibility requirements, thresholds and tax treatment may change over time due to updates in legislation. The estimated tax savings shown may include potential GST benefits, including GST input tax credits that could be available on your nominated car price. Any such GST benefits are subject to statutory caps, eligibility requirements, and apply only where costs include GST and GST credits are available to be claimed. All figures are estimates only and should not be relied upon as a representation of actual pricing, financial or tax advice. You should consider seeking independent advice to determine how a novated lease may apply to your personal circumstances.
On-Road Costs & Stamp Duty: $3,200.00
Vehicle GST: $4,545.00
Amount Financed: $48,655.00
FBT Base Value: $50,000.00
Monthly Components of a NL
Finance Lease: $872.60
Management Fee: $29.00
Maintenance & Tyre Budget: $10.42
Fuel/Energy Budget: $113.75
Registration/CTP Budget: $141.67
Insurance Budget: $120.00
Service Fees: $35.00
| Without Novated Lease | With Novated Lease | |
|---|---|---|
| Salary | $100,000.00 | $100,000.00 |
| Pre-Tax Deductions | $6,778.44 | |
| Taxable Salary | $100,000.00 | $93,221.56 |
| Tax | $0.00 | $0.00 |
| Medicare | $2,000.00 | $1,864.43 |
| Tax + Medicare | $2,000.00 | $1,864.43 |
| Take-home Pay (Annual) | $98,000.00 | $91,357.13 |
| Take-home Pay (Post-Tax Deduction) | $98,000.00 | $9,999.96 |
| Take-home Pay (Monthly take-home pay) | $8,166.67 | $6,779.76 |
| Difference (Monthly take-home pay) | $1,386.90 |
Total Monthly Salary Cost: $1,322.44
FBT Liability (annual): $10,000.00
LCT Threshold: $91,387.00
Monthly Post-tax deduction: $833.33
Savings - for life of lease
Estimated Income Tax Savings: $542.28
Estimated GST Savings on Running Costs: $2,657.15
GST Savings on Amount Financed: $4,545.00
Total Estimated Savings: $7,744.42
Non-Deductible Depreciation: $351.08
Total Salary Deduction: $1,398.20