What do I need to do if I purchased an EV after 1 July 2022 but now want to switch to a novated lease to take advantage of the discount?
EVs – Novated Leasing
Contact Maxxia and advise which method of deduction you wish to use when setting up your new novated lease:
- Update my lease to reflect the FBT exemption;
- Continue with deductions using the Employee Contribution Method (ECM) as originally quoted.
Disclaimer: This general information doesn’t take your personal circumstances into account. Please consider whether this information is right for you before making a decision and seek professional independent tax or financial advice. Employers should independently consider whether a benefits program is appropriate for their organisation and seek advice where appropriate. Conditions and fees apply, along with credit assessment criteria for lease and loan products. The availability of benefits is subject to your organisation’s approval. Maxxia may receive commissions in connection with its services. Maxxia does not act as your agent or representative (or provide you with any advice or recommendations) in respect of the purchase of any vehicle.