Calculate salary sacrifice savings with a novated car lease, highlighting 100% Fringe Benefits Tax (FBT) exemption for eligible electric vehicles under the LCT threshold.
Total tax saved across your 3-year lease term: 28'474.00 $AU!
Tax Savings = (Annual Lease Payments + Running Costs) × (Marginal Tax Rate + 2% Medicare)Because FBT is 0% on eligible EVs under $91,387, 100% of vehicle expenses are paid from pre-tax income.
All calculations, amortizations, and scenario projections displayed on this page are strictly for informational and educational purposes. Nothing herein constitutes investment, financial, tax, or legal advice. Actual ATO tax rates, superannuation rules, RBA cash rates, and lender criteria may vary. Calconova explicitly disclaims all liability for any decisions taken based upon these calculations. Consult an ASIC-licensed financial advisor or CPA prior to executing financial commitments.
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