Novated leasing and salary packaging
Two of the most effective ways for Australians to reduce their income tax and get more from their salary, novated leasing and salary packaging (also known as salary sacrifice) allow eligible employees to pay for certain expenses - like a car and its running costs - partly from their pre-tax salaries. That generally means having to pay less tax and saving money on everyday costs. Explore FleetParners Novated Leases and other salary packaging options below.
NOVATED LEASING
Get your dream car and cover all its running costs while scoring some big potential tax savings
A novated lease is a tax-effective arrangement between you, your employer and FleetPartners. You pay for your car and its running costs directly from your salary, reducing your taxable income and saving GST. FleetPartners handles everything from sourcing the vehicle to managing registration, insurance and servicing.
SALARY PACKAGING
Use your pre-tax salary to pay for a range of approved everyday expenses
Salary packaging, also known as salary sacrifice, is an ATO-approved arrangement that lets you pay for certain approved expenses from your pre-tax salary, reducing your taxable income. What you can package depends on your employer's policy and your industry, with options ranging from work-related technology and professional development through to certain everyday living costs for employees in eligible sectors.
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* Figures are based on the following criteria: 1) FleetPartners Novated Lease 2) Gross annual salary of $110,000; 3) QLD on road costs; 4) Travelling 12,000km p.a.; 5) 60-month lease term; 6) calculated using the Employee Contribution Method (ECM); 7) Assumed residual value based on residual percentage outlined by ATO guidelines as at 01/07/24; 8) Payments made monthly in arrears; 9) Budgeted running costs inclusive of vehicle finance, fuel (if applicable), servicing, 4 tyres over the lease term, scheduled maintenance, comprehensive motor vehicle insurance for a driver with no at fault claims in the past 5 years and re-registration over the period of the lease; 10) FBT exemption applied to eligible Electric Vehicles (if applicable) and GST saving up to $6,334 (as per ATO guidelines as at 01/07/24). The exact residual amount, as set by the ATO, will be specified in your vehicle quote and is payable at the end of the lease term. Vehicle pricing is indicative and correct at the time of publishing but may be subject to change based on vehicle availability or the options specifications and accessories selected. Vehicles must be ordered before 31/12/26 (unless extended) via the FleetPartners preferred dealer network. Savings estimate based on the tax savings of a Novated Lease calculated using the Employee Contribution Method compared to the financed purchase of the same vehicle over the same term at an equivalent interest rate paid from post-tax earnings. All applications are subject to eligibility and credit approval criteria. Terms and conditions, fees and charges apply.


