EV Novated Lease Calculator Australia
Estimate EV salary sacrifice tax savings, 2025-26 FBT exemption threshold eligibility and petrol car running costs against an ICE vehicle.EV novated lease calculator for Australia
Compare salary sacrifice, tax savings and petrol car running costs against the 2025-26 FBT exemption threshold.
Vehicle Details
Annual Running Costs
Personal Details
Marginal Tax Rate: 30.0%
Electric Vehicle Novated Lease CalculationFBT Exempt
Important Information
Electric Vehicle FBT Exemption
Eligible electric vehicles under the 2025-26 FBT exemption threshold of $91,387 can be exempt from FBT when provided through salary sacrifice arrangements, subject to ATO eligibility criteria.
Calculation Assumptions
- Calculations based on 2025-26 resident 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 & Licence
This calculator is adapted from the comprehensive novated lease model by CY, available at: EV & ICE Novated Lease Calculator Spreadsheet.
This web implementation simplifies several aspects including super guarantee, GST treatment, reportable fringe benefits, and childcare subsidy implications, which are accounted for more fully in the original spreadsheet.
Licensed under CC BY-NC-SA 4.0.
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.