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*Disclaimer
*Disclaimer
*Disclaimer
The Novated Lease Calculator provides an estimate based on applicable personal income tax rates and information you have included. The estimated amounts are calculated using a number of assumptions including an applicable finance rate, insurance, registration, fuel and maintenance. The estimated amounts are on the basis that cost will be deducted from pre-tax and post-tax salary. The estimated tax savings shown include GST savings achieved from your nominated car price and GST savings achieved on running costs.
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