As one of Australia’s largest salary packaging and novated lease providers, Maxxia have specialised in workplace benefits for over 30 years, delivering tax-savings that help customers make their money work for them.
It’s a tax-effective way to salary package your next Tesla!
Novated leasing is an ATO-approved arrangement between you, your employer and a finance company that lets you use pre-tax dollars to pay for a car and its expenses. Novated leasing also allows you to bundle, not only your lease payments, but your car’s running costs – including charging, insurance, rego and servicing – all in one convenient regular payment.
With the Australian Government’s Electric Car (EV) Discount, taking out a novated lease on an EV just got a whole lot cheaper. Novated leases are required by law to have a certain amount of Fringe Benefits Tax (FBT) be paid – it’s why pre- and post-tax payments are needed. With the Electric Car Discount however, a novated lease on an eligible EV is FBT exempt, meaning you don’t pay any post-tax contributions – for EVs retailing up to the Luxury Car Tax threshold of $91,387.
