A novated lease is a convenient and cost-effective agreement between you, your employer, and a novated leasing provider, like Easi. You choose a car you love and pay for it directly from your wages through salary sacrificing. This employee benefit is very popular as your employers only involvement is paying across your money for your lease into your easi account.
If you begin earning income in a higher tax bracket, your benefit will increase. A reduction in your income to a lower tax bracket will reduce your benefit.
Both calculations reflect the total cost of owning the vehicle outright at the end of the term (including payment of the balloon where applicable).
Higher ACTUAL Running Costs will INCREASE the tax benefit of Novated Lease
Lower ACTUAL Running Costs will DECREASE the tax benefit of Novated Lease
Easi recommends that you seek independant financial advice
