Will taking out an EV on novated lease impact my government payments and HECS?

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While we’re unable to give financial advice, we can confirm that while electric vehicles on novated lease are FBT-exempt up to the Luxury Car Tax threshold of $91,387, they are required to be reported on employee payment summaries.

We recommend you seek independent financial advice on what impact this could have to their personal circumstances, including means-tested government benefits.