EV & ICE Novated Lease Calculator
Calculate and compare novated lease savings for Electric Vehicles (EV) and Internal Combustion Engine (ICE) vehicles with FBT considerations.EV & ICE Novated Lease Calculator
Compare novated lease savings between Electric Vehicles and Internal Combustion Engine vehicles
Vehicle Details
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FBT Exempt
Annual Running Costs
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Personal Details
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Marginal Tax Rate: 32.5%
Electric Vehicle Novated Lease CalculationFBT Exempt
Important Information
Electric Vehicle FBT Exemption
Electric vehicles under $91,387 are exempt from FBT when provided through salary sacrifice arrangements (subject to eligibility criteria).
Calculation Assumptions
- Calculations based on 2024-25 tax rates and FBT rules
- Uses statutory method for FBT calculation (20% of vehicle base value)
- Employee contribution set at 20% of FBT base value (ATO standard)
- Residual values based on ATO rates for 8-year effective life vehicles
- Interest rate assumed at 7.5% for lease calculations
- Government charges (rego, stamp duty) estimated at $2,000
- Fuel prices based on current national averages
Calculator Source
This calculator is based on the comprehensive novated lease model available at: EV & ICE Novated Lease Calculator Spreadsheet. All formulas and calculations have been adapted from this source.
Disclaimer
This calculator provides estimates only. Actual costs and savings may vary. Please consult with a qualified tax advisor or novated lease provider for personalized advice.