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This calculator provides general information only by using some generic taxation scenarios and some publicly available general material published on the ATO's website. It does not offer a complete overview of applicable taxation methods;This calculator does not use or consider any individual’s own financial circumstances at all;
Users must not rely on or consider any results generated by the calculator as personal taxation advice;
Maxxia is not licensed to provide taxation advice to anyone.
Maxxia strongly recommends all users seek their own personal taxation advice from a licensed tax adviser before making any financial decisions.
All calculations on this website are for illustrative purposes only and use PAYG tax rates effective 1 July 2021.
Novated leasing calculations assume the employee contribution method has been used (pre and post-tax funds). The estimated annual operating costs includes estimates of fuel, maintenance, tyres, registration, comprehensive insurance.
If you are an employee of a public health, charity or not-for-profit organisation, the calculator results assume you are salary packaging a novated lease above your FBT exemption cap limit.
An indicative annual vehicle management service fee of $275.00 (incl. GST) has been included in your operating expenses. This fee may vary depending on your employer. Maxxia strongly recommends that you consult a professional and provide no warranties as to the accuracy of the estimated results produced by the calculator.
A finance establishment fee of $475.00 (incl. GST) will be charged by the financier.
An indicative average administration fee of $325.00 has also been included. This fee may vary depending on your employer. Please refer to your employer's salary packaging policy for more information. A copy of the policy may be obtained from your employer or by contacting Maxxia on 1300 123 123.
GST of 1/11th is payable on your ECM contributions. Input Tax Credits (i.e. a refund of GST) may be paid to you as salary by your employer. State Stamp Duty rates apply.
Tax benefit & Medicare levy calculations are approximate, and assumes no other taxable income is received. HECS/HELP repayments and taxation surcharges are excluded.
Please contact us for an accurate estimate of your annual net benefit, leasing costs and the fees that may be applicable to you, or refer to your employer's salary packaging policy or employee guide.
For electric vehicles, plug-in-hybrid vehicles and plug-in hydrogen fuel cell vehicles, please consider the following:
The Electric Car (EV) Discount Bill 2022 is subject to Royal Assent.
The estimated potential tax benefit is exclusive of GST and is based on the assumption that you would have paid for your lease repayments and operating costs from your post-tax salary (as opposed to salary packaging those payments from your pre-tax salary or a combination of your pre- and post-tax salary).
This calculator assumes that:
a) the car selected is an eligible zero or low- emissions vehicle;
b) the value of the car at the first retail sale was below the luxury car tax threshold of $89,332 for fuel efficient vehicles and;
c) the car is first held and used on or after 1 July 2022.
Estimated running costs may include those detailed above as well as electricity.
This calculator does not use or consider any individual’s own financial circumstances at all.
When you compare like-for-like on the finance and running costs for your car, you could save thousands each year through the tax benefits you could receive with a novated lease. Here are the numbers:
When you compare like-for-like on the finance and running costs for your car, you could save thousands each year through the tax benefits you could receive with a novated lease. All calculations on this website are indicative, and for illustrative purposes only - further information is provided below.
