Employers - Employee Benefits

^ Figures based on 1 January 2023 to 31 December 2023. The combined anticipated tax saving is an estimate only and is based on a) end-of-lease sales during that 10-month period and b) the average potential tax saving per employee. The average potential tax saving per employee is based on a) the estimated payroll tax savings of those employees over the life of the lease (having regard to their actual salary, lease term and budgeted pre-tax deductions over the life of the lease), b) the one-off dealer discounts applied at the point of sale and c) the GST that would have been payable upfront on the cost of the car. Refunds for Input Tax Credits have also been taken into account where relevant.  For novated leases settled between 1 January 2023 to 31 December 2023. Calculations are based on current income tax rates and thresholds and will be subject to change from 1 July 2024 when the Commonwealth Government's Stage 3 Income Tax Cuts take effect.