Case Studies
Scenario #1
$44,500 MG SUV EV
Fully Maintained Novated Lease, inclusive of all vehicle running costs paid with pre-tax money.
Finance $40,454 novated lease over 3 years (180k salary)
=
$24,482 in total tax savings/rebates over 3 years
is a weekly reduction in take-home salary = $194.50
Finance $40,454 novated lease over 5 years (75k salary)
=
$31,876 in total tax savings/rebates over 5 years
is a weekly reduction in take-home salary = $181.00
Scenario #2
$82,500 TESLA
Finance $76,500 novated lease over 3 years ($120k salary)
=
$36,416 in total tax savings/rebates over 3 years
is a weekly reduction in take-home salary = $378.00
Scenario #3
$83,995 Jag Sedan
Fully Maintained Novated Lease, inclusive of all vehicle running costs paid with pre-tax money.
Finance $78,110 novated lease over 3 years ($150k salary)
=
Maximum GST saving of $6191.00
Fortnightly reduction in salary = $904.00
Total tax savings = $20,161
With Logbook 85/15 (business/personal)
Total tax savings = $33,445