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Novated leasing with Smart

Novated leasing with Smart

Novated leasing is one of the most convenient ways to buy and run a car and can benefit both you and your employees.

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What is novated leasing?

Novated leasing is salary packaging a car – new, used or one already owned.1 Employees’ pre-tax income is used for car finance and running costs, which can help reduce income tax and GST. SmartTM can help manage it all for you, including transitioning a lease to or from another employer.

Any employer can offer novated leasing
Convenience and potential tax savings for employees
ATO-approved and no cost to you, the employer
Why offer?
Why Smart?
Electric vehicles
Sevices

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Important information

This is general information only. Before entering into any salary packaging or novated leasing arrangement, employees should consider their own objectives, financial situation and needs, and seek appropriate legal, financial or other professional advice based upon their own particular circumstances. The availability of benefits is determined by the employer. Conditions and fees apply. Smartsalary Pty Ltd, ABN 24 096 796 100, a SmartTM company.

 

^ Fringe Benefits Tax (FBT) exemption available for eligible electric or hydrogen cell vehicles purchased through a novated lease up to the Luxury Car Tax limit ($91,387 in FY 2024-25). Plug-in Hybrid Electric Vehicles with leases commencing from 1 April 2025 are not eligible for this exemption.

 

  1. To be able to salary package a used or current car, it must be under 15 years old at the end of the lease with a minimum value of $5,000.
  2. PWC. The Future of Work: What Workers Want Report. 2021. Click to view.