Does novated leasing impact any other salary packaging benefits I might have or be entitled to?
Before your novated lease starts
No, novated leasing is a benefit that can be taken out in addition to any existing salary packaging caps you have.
That means if you work for a health or charitable organisation (and depending on your employer’s salary packaging policy) you could package up to $9,010 and $15,900 respectively on full FBT items, as well as $2,650 on meal entertainment or venue hire, in addition to a novated lease. If you’d like more information on what cap limits apply to you, please get in touch.
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.