Employers - Employee Benefits

^ Figure estimate is based on the anticipated life of lease savings for novated leases settled in the 12 month period 1 March 2024 to 28 February 2025 assuming that leases settled during that period will be packaged for the full lease term. The combined anticipated saving is an estimate only and is based on a) end-of-lease sales during that 12-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 March 2024 to 28 February 2025, the estimate is based on current income tax rates and thresholds and will be subject to change from 1 July 2025 [which may affect the anticipated savings figure]. Any early lease terminations may also affect the estimate. The information has been made available for informational purposes only and should not be taken as advice. While all reasonable care has been taken, Maxxia does not guarantee or warrant the accuracy or completeness of this information and will not be liable for, or in connection with, any loss or damage suffered as a result of any inaccuracies, errors or omissions or your reliance on this information.