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NOVATED LEASE CALCULATOR

How much will you save?

Novated lease calculator

Special offers

Start your journey

How much will you save?

Select the vehicle type

Small Car

Small

Small Car

Medium

Small Car

Large

Small Car

SUV

Is it an Electric Vehicle (EV) or Plug-In Hybrid (PHEV)?

Please update selections to recalculate.
Based on the information supplied so far, we estimate:
Total vehicle package each {{var.frequency}}:
{{func.formatNumber(var.outputModel.effectNetToPay, "$ 0,0.00")}}
(including Share of Savings***)
Savings over your lease term:
{{func.formatNumber(var.outputModel.savingOverTerm, "$ 0,0.00")}}
NSW Health Employees: These calculations do not take into account the compulsory 'share of savings' calculations applicable to NSW Health employees. Your LeasePLUS consultant will discuss this with you during the quoting stage.

Novated Leasing Calculator Disclaimer:


The Novated Leasing calculator from LeasePLUS Pty Ltd ("LeasePLUS”) is only designed to give an estimate of the savings you may achieve and is not intended as a replacement for independent professional advice. LeasePLUS is not licensed to provide taxation advice, and it is recommended that you seek appropriate independent legal, financial, tax, or other professional advice before making any decisions regarding your novated leasing and salary package. All calculations have been updated to reflect the changes in the May 2024 Federal budget and are based on personal income tax rates and thresholds for the 2024-25 financial year. The calculations do not take into account any applicable low-income tax offsets, low-income Medicare levy reduction, or any LeasePLUS fees that apply. GST savings shown in the calculations are based on the assumption that your employer passes on the GST input tax credits. The Calculator does not take into account your employer's accounting methods and internal policies. The calculations are based on the information you provide, including your available remuneration for salary packaging, and may change if this remuneration information changes.
This calculator provides general information only by using some generic taxation scenarios and some publicly available general material published on the ATO's website. Fees and charges apply in addition to ‘LeasePLUS’ fees and charges for the use of Fuel Cards.

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.

Your package includes:
  • Electric Fuel
    Fuel
    Fuel
  • Registration
    Registration & CTP
  • Maintenance
    Maintenance & Servicing
  • Roadside
    Roadside Assistance
  • Insurance
    Car Insurance
  • Tyre
    Tyres
  • Vehicle
    Vehicle

Information is current as at 1 April 2022 and is subject to change without notice.

*The total vehicle package cost has been determined by the net effect a novated lease package will have on pay using the Employee Contribution Method, the parameters you have input and the ATO minimum residual value percentage based on your nominated lease term. **Savings over your lease term are based on income tax and GST savings over the lease term in comparison with alternative consumer finance options. Your individual circumstances have not been taken into consideration and this may affect the overall cost and benefit of a novated lease. This information is not intended as a substitute for financial and/or tax advice which you should obtain. Credit criteria, fees and charges and terms and conditions apply.
***Share of Savings: Salary packaging results in a tax saving for employees. As a NSW Health employee, the arrangements for your salary packaging are based on a 50% share of savings arrangement. This means that the tax saving achieved through novated leasing, is shared equally between you and your Local Health District. You receive half of the tax savings and the other half is reinvested into the promotion and growth of Australia’s largest health agency – NSW Health. Staff specialists receive a different share of savings. Please contact our team for more information.